The appeal of RRSP contributions for many Canadians is reducing their tax payable and enhancing their tax refunds. Spousal RRSP contributions can further enhance the effects of contributing to RRSP by further reducing income tax payable through the effects of income splitting. Spousal RRSP are particularly effective for families where one spouse doesn’t work or…

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These daily financial tips are designed to be short ideas covering different aspects of family and business finances. They are short pieces intended to provide information to enable individuals, families and businesses to make informed financial decisions. Not all tips will apply to every situation, but over the course of a year, most financial topics…

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