Direct irrevocable beneficiary designation 2026

1. Click ‘Get Form’ to open the direct irrevocable beneficiary designation in the editor.
2. Begin by entering your Account Number and your name as the Annuitant/Holder at the top of the form.
3. Select the Type of Plan from options such as RRSP, RRIF, or TFSA. Ensure you choose correctly as this affects your designation.
4. In the Irrevocable Beneficiary Designation section, fill in the details for each beneficiary. Include their Name, Relationship to you, Address, Social Insurance Number (if available), City, Province, and Percentage of Entitlement. Remember that these percentages must total 100%.
5. Review the Revocation/Designation clause carefully. This confirms that all previous designations are revoked and outlines how proceeds will be distributed upon your death.
6. Complete any additional sections regarding Spousal Rights and Future Changes if applicable. This ensures clarity on how future relationship changes may affect your designation.
7. Finally, sign and date the form at the bottom to validate your irrevocable beneficiary designation.

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