Sentences with phrase «spouses contribution room»

Not exact matches

This of course is assuming the spouse has available contribution room

That's because the working spouse — provided she has the RRSP contribution room — can contribute $ 25,000 to her own RRSP as well as $ 25,000 to a spousal RRSP, doubling the amount a couple can withdraw.

That's because the spouse who is working — if he has the RRSP contribution room — can contribute $ 25,000 to his own RRSP as well as $ 25,000 to a spousal RRSP, effectively doubling the amount a couple can withdraw for a home purchase.

I ran into that gotcha» just last year when the spouse had plenty of contribution room, but it didn't help for averaging * my * income.

An individual will also be permitted to make contributions to a TFSA established by a spouse or common - law partner, provided the spouse or common - law partner has contribution room available.

In just 10 years, between an individual and spouse, the TFSA will have more than $ 100K in contribution room alone.

Mastracci says TFSA assets can be transferred to a surviving spouse's TFSA without affecting the spouse's contribution room.

An individual's spouse can contribute to their TFSA, however, the individual would need to have contribution room available and income earned on that property is income of the individual.

I've maxed out my TFSA but my spouse has $ 10 000 unused contribution room.

You can use your contribution room to contribute to a spousal RRSP (an RRSP that is owned by your spouse but that you contribute to).