Sentences with phrase «rrsp accounts in her name»

Set up a spousal RRSP The usual strategy is to set up a spousal RRSP account in the name of the lower - earning spouse, and have the higher earner make the contributions.

Q: My wife has two RRSP accounts in her name.

Not exact matches

As a side effect, the HBP will allow me to move some money to my wife's name (take it out for HBP, then she puts it back in so there is only one RRSP account).

If that's the case, Ardrey says it's better to have as much of the spousal RRSP in the other spouse's name: so the lower - income spouse draws income more from the spousal RRSP and the higher - income spouse from the non-registered account.

Try setting up a spousal RRSP account and make contributions to it in the name of your lower - earning partner.

Setting up a spousal RRSP account and making contributions to it in the name of your lower - earning partner is a powerful tax - saving tool.

Cash and stocks are generally required to be included in the calculation of a taxable estate for probate purposes, Spike, unless they were held in a TFSA or RRSP / RRIF account with a named beneficiary.

Perhaps you have group retirement accounts or Canadian and U.S. dollar registered accounts, but if it's just a case of having two RRSPs in your name or multiple RESPs, for example, I'd start by combining like accounts.

You could make contributions to a spousal RRSP account in your wife's name, Simon.