RRSPs are considered shared marital property and must be divided during divorce proceedings During a divorce settlement in Canada, Registered Retirement Savings Plans (RRSPs) accumulated during the marriage are treated as family property and must [...]
RRSPs must be held individually, but spousal RRSPs allow contributions to benefit your partner Registered Retirement Savings Plans (RRSPs) are strictly individual accounts under Canadian tax law. However, there are strategic options for couples planning [...]
A Spousal RRSP is legally owned by the receiving spouse, while the contributing spouse claims the tax deduction The ownership structure of a Spousal RRSP is specifically designed to benefit both partners while following Canadian [...]
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 [...]
RRSP spousal rollovers during divorce allow tax-free transfers as part of property division settlements A tax-free RRSP transfer between divorcing spouses is permitted under Canadian tax law when it's part of a formal property division [...]
An RRSP is a government-registered investment account that offers tax benefits for retirement savings in Canada. A Registered Retirement Savings Plan (RRSP) is a powerful financial tool designed to help Canadians build their retirement nest [...]
RRSP contributions cannot reduce child support payments in Canada Child support payments in Canada are calculated based on your gross income before RRSP deductions. The Federal Child Support Guidelines specifically require that RRSP contributions be [...]
Yes, RRIF income splitting is permitted between spouses or common-law partners who are 65 or older Under Canadian tax law, you can split up to 50% of your RRIF income with your qualifying spouse or [...]
Investment assets acquired during marriage are typically split 50/50 between divorcing spouses in Canada During divorce proceedings, all matrimonial property, including investments, must be fairly divided according to provincial family law. This includes: Registered accounts [...]
A tax-free transfer of RRSP funds between spouses during marriage breakdown or divorce A Spousal RRSP rollover allows for the transfer of Registered Retirement Savings Plan (RRSP) assets between separating spouses or common-law partners as [...]
