Question $24(1$ point$)**$ In Canada$**$

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August is the annuitant of a locked$-$in retirement savings vehicle $($LRSV$).$ He turns $71$

at the end of this year and is maturing his LRSV into a locked$-$in retirement income

vehicle $($LRIV$).$ While meeting with his financial planner to arrange for the transfer,

August's financial planner asks August who he would like to name as the beneficiary

of his LRIV. Assuming August wants to minimize the tax impact on his LRIV assets at

his death, which of the following individuals would be most suitable to name as the

beneficiary? His:

former common$-$law spouse Leanne with whom he is still close friends.

older brother Craig who lives in Asia and financially supports Leanne.

$17-$year$-$old grandson Alex who lives with August and qualifies for the DTC$.$