Thread: Spouse & RRSP
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Old 01-14-2020, 07:49 PM   #6
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by moncton golden flames View Post
you mean only have one RRSP account and we both contribute and benefit from it over the long term?
No you would each have your own (or have yours and a spousal for her depending on your preference), but only one online access.

A quick note on the spousal and taxes though. Let's say you both make the same amount and decide to put $10k into each this year. With a spousal RRSP, that entire $20k is a tax deduction for you. It also drops your contribution room by that $20k. If you each have an RRSP, you would each save the taxes and it would be deducted from each of your contribution room.
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