knowledge topics

EFA Withdrawals and Payments

Identify the services that may be paid for using funds from an Eligible Funeral Arrangement.¹
- Funeral services
- Cemetery services
Explain funeral services that may be paid for using funds from an Eligible Funeral Arrangement, such as:
- Services or supplies provided by a funeral director for the care and embalming of the deceased
- A casket for the deceased
- Services or supplies provided by a funeral director in connection with the funeral rite for the deceased and
- The transportation of the deceased, including transportation of the deceased from a place outside Canada to a place in Canada where the funeral ceremony is to be held, assuming that such transportation is provided under an arrangement made in Canada with a qualifying person
Explain cemetery services that may be paid for using funds from an Eligible Funeral Arrangement, such as:
- Internment vaults / caskets
- Grave markers
- Flowers
- Casket liners
- Urns
- Shrubs and wreaths
- Service directly related to cemetery arrangements in Canada in consequence of an individual’s death
Explain how a remaining surplus within an Eligible Funeral Arrangement is handled after all payments have been made to cover funeral and cemetery services.
Explain the tax impact of an Eligible Funeral Arrangement.
- For payments made for funeral or cemetery services
- For payments made to the deceased’s estate
- For payments made to another individual

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Explain

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Interpret

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