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A company usually takes out an Asset Endowments Plan when they are wanting to donate financial assets to a non-profit group, individual or institution.
A Tax-Free Savings Account (TFSA) in various forms, protects your initial investment and provides a tax-free way to meet financial goals, as it exempts interest, dividends, or capital gains from taxes
A testamentary trust, established by a Last Will and Testament, activates upon the creator's death to manage and distribute assets as per their wishes.