What is a Spousal RRSP?

Earn money and save taxes, RRSP has benefits. But there are also rules to pay attention to. Although a dual-income family may have a stable income, in fact, in many families around us, one person is responsible for making money to support the family, and one person is responsible for taking care of the children or the elderly. The work is divided and cooperated. In this way, time is not so tight, both at home and outside the home. Very thoughtful.

But Canada’s tax law is not very supportive of this situation. To be precise, a family where one person has a high income and the other has a low income will often pay much more than a family with the same income but both work and earn about the same amount. Since then, Canada has such a SPOUSE RRSP policy.

Related articles

  • What is the most appropriate way to buy a car in the name of a company? Loan to buy or buy in full?

    Marketing cwcga
    We have previously published content about buying an investment house, whether to buy it in the name of an individual or the name of a company, each has its own advantages and disadvantages, the key depends on why you buy it and how you buy it.


    The same is true when buying a car. Don’t think that the more you spend, the better it is for the sake of saving taxes. Much more.

  • Employer Health Tax (EHT Return)

    Marketing cwcga
    In today's video, Jinni will explain to you the things you need to pay attention to in Employer Health Tax (EHT Return).

  • 2019 Personal Tax Return Tips

    Marketing cwcga
    This video was made for small families with children and paying the child DAYCARE fee. If your high-income parent is in school or the low-income parent cannot take care of the child for other reasons, Please be sure to check the T776 form to see if you, as a high-income party, can deduct your child's DAYCARE expenses and enjoy a special childcare benefit in Ontario this year. The amount is considerable, don't overlook it!
Back to 个人退税
Go to full site