What's a spousal RRSP?

It's an RRSP that belongs to your spouse in which you can invest a given amount each year according to your personal contribution limit.

A spousal RRSP is a registered retirement savings plan for two people who are married, in a civil union, or in a common-law relationship, where contributions are made by your spouse even if you are the designated annuitant or owner.

In this way, you increase your savings as a couple for retirement and may benefit from a lower tax rate at the time of withdrawal.

How it works

A spousal RRSP allows one of the spouses in a marriage, civil union, or common-law relationship to contribute to the other spouse's plan and claim a corresponding tax deduction on their own tax return.

Generally, the spouse with the higher income will open a spousal RRSP account and make contributions on the other spouse's behalf.

Plan holder

The spousal RRSP is therefore registered in the name of, and belongs to, the spouse who earns less income.

A spousal RRSP is a way to contribute to your spouse's retirement, because contributions make it possible to equalize your joint retirement income and leave more money in your pocket when you start to withdraw income after retirement.

This tax vehicle is especially beneficial in situations where one spouse expects to receive much more retirement income than the other.

Available products

The Spousal RRSP is available with the RRSP+ with the Fonds and the RRSP with FlexiFonds.

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Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.

About FlexiFonds de solidarité FTQ
FlexiFonds de solidarité FTQ inc., a wholly owned subsidiary of the Fonds de solidarité FTQ, is a mutual fund dealer duly registered with the Autorité des marchés financiers. FlexiFonds de solidarité inc. acts as the principal distributor of the FlexiFonds funds and does not distribute the units of any other mutual fund.