Hello,
I used 25k of my RRSP a while ago and I am repaying them as scheduled.
My question, is can I contribute to a spousal RRSP, and would that be considered repaying my HBP?
When I say spousal RRSP, I mean, I would be the contributor, my wife you then be the annuitant. Is that acceptable for the CRA?
The motivation is I will be getting a pension through my work. She will not. When we retire, I will be in a higher tax bracket than her... Is my reasoning sound?
Thanks,
I used 25k of my RRSP a while ago and I am repaying them as scheduled.
My question, is can I contribute to a spousal RRSP, and would that be considered repaying my HBP?
When I say spousal RRSP, I mean, I would be the contributor, my wife you then be the annuitant. Is that acceptable for the CRA?
The motivation is I will be getting a pension through my work. She will not. When we retire, I will be in a higher tax bracket than her... Is my reasoning sound?
Thanks,