169
As you can see from the foregoing, the best way to avoid probate is to have the asset pass to the beneficiary without going through the will. Registered plans are an ideal way of doing this.
Registered plans include Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Registered Disability Savings Plans (RDSPs), Locked-in Retirement Accounts (LIRAs), Life Income Funds (LIFs), Tax Free Savings Accounts (TFSAs), and pension plans. Essentially, they include any registered plan that can name a beneficiary.