A Spousal RRSP typically remains with the registered spouse after divorce, but assets may be divided through legal proceedings

When couples divorce in Canada, the Spousal RRSP account ownership stays with the spouse whose name is on the registration. However, these retirement savings are usually considered part of the overall matrimonial assets subject to division.

• The account holder maintains control of the RRSP investment decisions and administration
• The account value may be included in divorce settlement negotiations
• Courts can order the division or transfer of RRSP funds as part of the separation agreement
• Tax implications should be considered when dividing or transferring RRSP assets