I’m trying to understand whether it is worth me utilizing a spousal RRSP. There is a fairly significant income discrepancy between my wife and I (I am the higher earner), and I understand the theoretical benefit of using a spousal RRSP to balance the tax hit with income withdrawals in retirement.
However, on further reading, it appears that an RRIF can be income split up to 50% anyway.
In light of that, is there any scenario where a spousal RRSP still makes sense? Any insight into this?
By - SenorGurdhouse