Tag: rrsp

Income Splitting with a Spousal RRSP

| July 7, 2014 | 2 Comments
Income Splitting with a Spousal RRSP

A spousal RRSP can be an effective income-splitting tool. It allows the spouse who is in the higher tax bracket to claim the deduction, while providing retirement income to the other spouse, which could reduce taxes when the money is withdrawn during retirement. To be deductible, the total of all amounts that you contribute to […]

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Heading Back to the Boardroom

| September 19, 2013 | 0 Comments
Heading Back to the Boardroom

Three years ago, while at the top of my game, I walked into my boss’ office and resigned. Just like that. People thought I was crazy. I’m sure they thought I was having some sort of crisis. I wasn’t. I have spent the last three years being there for my family, my community and, in […]

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Just what is this RRSP Home Buyers’ Plan? – Part 1of 3

| May 21, 2013 | 4 Comments
Just what is this RRSP Home Buyers’ Plan? – Part 1of 3

Under the Home Buyers’ Plan (HBP), you and your spouse can withdraw up to $25,000 from an RRSP to buy or build a home. The HBP withdrawal limits were increased to $25,000 from $20,000 as part of the 2009 Budget. Unlike regular withdrawals from an RRSP, withdrawals that meet all applicable HBP conditions do not […]

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