Example of how much income to report on each spouse's return

Example 

In May 2016, Joshua started contributing to his wife Keri's RRSPs. He contributed the following amounts to her RRSPs:

RRSP contributions
Year Amount
2016    $2,000
2017 
$2,000
2018 
$1,000

Joshua had contributed a total of $5,000 to Keri's RRSPs.

In 2018, Keri withdrew $4,000 from her spousal or common-law RRSPs. Before 2018, she had not withdrawn any amounts from her spouse or common-law partner RRSPs.

Keri determines that Joshua has to include $4,000 in his income on line 129 of his 2018 income tax and benefit return, since the amount Joshua has to include as income is the lesser of:

  • amounts he contributed to all spousal or common-law RRSPs for his wife in 2016, 2017, and 2018 ($5,000)
  • amount his wife withdrew from her spousal or common-law RRSPs in 2018 ($4,000)

Keri does not include any amount in her income for this withdrawal.

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