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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Rivers Banner
Location
Rivers, Manitoba, Canada
Date
Jan 25, 2003
Page
3
Couples with large retirement income gaps can use a spousal RRSP to shift contributions to the lower earner. This lowers the overall tax bill by spreading income and keeping each spouse in a lower tax bracket. You contribute to your spouse’s plan and still receive the tax break.
The article notes that in many cases the higher income spouse contributes to the lower income spouse s RRSP as a tax planning strategy. It mentions a continuation on page 11 for further details.
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