Search found 2 matches
- Mon Oct 03, 2005 4:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 1st year RRSP
- Replies: 4
- Views: 5640
1) I have my limit left 10k so I can contribute 10k to my account and after 90 days I can withdraw my 20K for house. But if I contribute to my spouse account she can withdraw it after 3 years I believe? Is it correct? 2) If she makes over contribution she will pay 1% (7200*0.01=72cad) for each month...
- Mon Oct 03, 2005 1:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: 1st year RRSP
- Replies: 4
- Views: 5640
1st year RRSP
My spouse just started her work in Canada. she has 0 income in 2004 her total income in 2005 will be around 40k. We are planning to purchase a home and would like to know how much she can contribute to her RRSP if she cant at all right now so we can withdraw it after 90 days. Or she can contribute o...