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

Example 

In 2019 you started contributing to your spouse's RRSPs. You contributed the following amounts to those RRSPs:

RRSP contributions
Year Amount
2019     $2,000
2020   $2,000
2021   $1,000

In 2021, your spouse withdrew $4,000 from the spousal or common-law RRSPs. Before 2021, ypour souse had not withdrawn any amounts from the spousal or common-law partner RRSPs.Your spouse determines that you have to include $4,000 in your income on line 12900 of your 2021 income tax and benefit return, since the amount you have to include as income is the lesser of:

  • amounts you contributed to all spousal or common-law RRSPs in 2019, 2020, and 2021 ($5,000)
  • amount your spouse withdrew from the spousal or common-law RRSPs in 2021 ($4,000)

Your spouse does not include any amount in their income for this withdrawal.

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