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@jorge20alarcon Really???? Is this a used item? Did you sell it for more than it cost you originally? Your comment suggests that neither are new. For most cases, people are selling those items to get them out of the house. Frankly, if this is an occasional thing, you are overthinking this way...

@jorge20alarcon This is not the USA where you can do that. Canada has specific rules concerning the taxability of payments. You have heard of people doing that, but didn't check what country they are in. In Canada... For employment income, the tax liability occurs when the issuer pays. For a...

@kylo28 You will have to pay back amounts that you are not entitled to.

@00_mary Generally, RRSP receipts for February come about March 20. It is important to realize that the financial companies selling the RRSPs are not required to submit them to the CRA until May 1, which means you can't get them from the CRA until May 10th, which is a little late for taxes...

@joyful0128 In Canada, everyone files an individual tax return. In your case, you file your individual tax return marking yourselves as common-law at the end of the year.

@xcarlx You can transfer the RRSP to another RRSP. No tax implication there. You can collapse the RRSP, but you will pay dearly for doing that. However, the point of an RRSP is that you don't use it until you retire. It isn't for using when you are young.