Spousal RRSP: Benefits for Retirement
Spousal RRSP income sharing is still a large plus for the Spousal RRSP program. You can also income share in a pension, but a spousal RRSP is easier.
Spousal RRSP income sharing is still a large plus for the Spousal RRSP program. You can also income share in a pension, but a spousal RRSP is easier.
So a reliable and fool-proof way in Canada to do income splitting is by using the concept of the Spousal RRSP. This can work, but specific scenarios
I wrote this before the dawn of the TFSA, so I have spruced it up with where your TFSA might fit into this equation. The data I mention are in the following posts: Case 1:… Read More »RRSP or Mortgage Then?
If you put money into your RRSP and then plowed the refund back into your RRSP would that be good?
The question really is not only, RRSP or Mortgage. The real question is savings or pay off debt. Can you run a marathon with 100 extra pounds on your back?