I don't remember if I've asked this before. We are Americans in Canada--applying for permanent residency. My husband has an RRSP--you had said it would be agood idea for me to get an open work permit and SIN so any extra RRSP contributions could go in a spousal RRSP. I don't remember what the advantage of this is--I know that if we were to retire in Canada, then it would make our retirement income more equal?
But what if we retire in the US? I guess that wouldn't matter because the RRSP retirement income still comes to us from Canada?
Spousal RRSP question
Moderator: Mark T Serbinski CA CPA
Spousal RRSP can be used to equalize income at retirement.
Now, with the TFSA, such equalizaion is a little more easy, without the strings of RRSP.
There are plenty of websites which talk the merits of RRSP, spousal or otherwise.
Now, with the TFSA, such equalizaion is a little more easy, without the strings of RRSP.
There are plenty of websites which talk the merits of RRSP, spousal or otherwise.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing