How spousal RRSPs can help you split income
With spousal RRSPs, you can split income any time, as long as the attribution rules don’t apply. If a spousal contribution hasn’t been made in the current calendar year or the two previous calendar years, any withdrawals from the RRSP will be taxed to your spouse.
Note that using a spousal RRSP is different from pension income splitting, which can only happen from a RRIF after age 65. Under pension income splitting, you can allocate up to 50% of your eligible pension income to your spouse or common-law partner.
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