Canadian Money Forum banner

spousal rrsp

  1. How to contribute to my wife's spousal RRSP?

    Quick question about spousal RRSPs . . . my wife is going to be creating a spousal RRSP account with me listed as the contributor. I've read a few posts on the forum about spousal RRSPs and have a good understanding of how they work, who should use them, and when it makes sense to use them...
  2. Skipping Spousal RRSP HBP Repayment

    In 2012, I made a ~$15,000 spousal RRSP contribution for the express intent of withdrawing it under the HBP just over 90 days later (still in 2012). Fast forward to 2015, and in addition to the spousal RRSP HBP repayment, I of course have my own RRSP HBP repayments. Since my spouse stays at...
  3. Spousal RRSP strategy for a stay-home spouse?

    General Personal Finance Talk
    Hi, I've recently found out about Spousal RRSPs and I was wondering if this tax deferment strategy is a valid one. I'm in a situation where my wife will be a stay home mom, therefore her income being $0, for the next 6 years and I'll earn about $90,000 a year. Since her income will be $0 for...
  4. RRSP / Spousal RRSP swap

    I'm in the lowest tax bracket (<37K) but my wife is fairly high (>85K). My wife also has a great pension that ends up contributing 18% of her salary to her person so her retirement is all but taken care of. I point that out as she'll still get 12% RRSP room going forward. Although I expect to...
  5. Spousal RRSP Question

    If my spouse contributes to a spousal RRSP for me, and I withdraw from it the next year (while not working, or only working for part of the year with numerous tuition credits), is that money taxed as my income? Are there any other penalties to consider? What if that withdrawal was through the...