Thread: Spousal RRSP
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Old 04-09-2018, 01:31 PM   #4
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Join Date: Nov 2010

Originally Posted by Locke View Post
Yes, because marginal tax rates increase as income increases so in retirement you want both spouses to have relatively equal savings that they draw at a relatively equal pace.

Having one spouse with all of the savings and another with none poses taxation problems, there are other factors at play there like Pension Splitting and Dependent credits, etc, but generally you will be better off with equal RRSP savings.
Thanks for the info.

I think over the next few years, I'll have to contribute more to the Spousal RRSP in order for it to catch up to my RRSP. Regardless, I should be able to claim the tax deduction no matter whose RRSP I deposit into.
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