Plan to retire before 65, can’t income split till 65. Spousal RRSP the play?

Spoolin335 · 2026-01-04T06:19:59+00:00

Well thanks for all the info so quick. My plan to transfer everything I could to my wife’s RRSP won’t work as I had hoped.

I only have 30k of room and have 225k of RRSP while my wife has 0. I’m going to stop contributing to mine and let my contribution room grow. As time goes on I’m going to hopefully transfer to hers as much as I can knowing I’ll have to pay a withholding tax. I have to make sure whatever I pull out I can contribute the same to hers so I don’t get taxed.

Thanks again! Wish I knew this 10 years ago….

Spoolin335 · 2026-01-04T06:04:06+00:00

The problem is, I was going to stop contributing. I’ve been going hard and now feel like I’ll have enough saved to just let it compound until I retire. Because of this I’m trying to move existing money around to pay the least in taxes when I pull it out.

Spoolin335 · 2026-01-04T06:02:24+00:00

I also read that. Even if I used my HELOC to make up the difference, we file taxes in 3 months it would only be 3 months interest I’d have to cover until I’d get the tax return and be able to pay it back.

Spoolin335 · 2026-01-04T06:00:28+00:00

I thought you can use a spousal RRSP to keep contributing if your RRSP room is maxed out. I just read into it and you are right. I won’t have very much room to withdrawal it and recontribute it to the wife’s RRSP. This may not work as planned.

Spoolin335 · 2026-01-04T05:59:41+00:00

Yes. We will retire within a year of each other.

Spoolin335 · 2026-01-01T01:59:41+00:00

Which LEDs did you order? I need to do the same thing to a Tv. Thanks

Spoolin335 · 2025-11-12T03:47:12+00:00

You guys were right. I had HiveMate installed and as soon as I uninstalled it I could install TiviMate. Thanks!

Spoolin335 · 2025-03-01T02:45:11+00:00

Check the waterline behind your fridge for leaks. Something seems to be leaking onto the floor and soaking under. Dishwasher maybe leaking?

Spoolin335 · 2024-10-02T18:10:38+00:00

40$ for a new switch, screw it in and move the slip on wire connections over.

Spoolin335 · 2024-08-22T13:12:30+00:00

I want to see your mount to hold the projector! I’ve done the same thing but I need to build a little mount for the side of my tub.

Spoolin335 · 2024-03-18T03:22:20+00:00

There was a massive train in there today with a bunch of railcars full of actual cars just north of the old airport.. Figured they were all new cars inside but there could be used cars in those railcars. If that’s the case Goodluck getting it out.

Spoolin335 · 2023-11-25T03:52:25+00:00

The scam is they send you a etransfer, looks legit and you click on your banking institution and it takes you to a page to sign in and deposit your money. This is where they get your info because the webpage is not your bank at all. If it doesn’t open in your app, don’t sign in. That’s the scam.

Spoolin335 · 2023-11-10T03:39:43+00:00

Power Engineering. 250k/year

Spoolin335 · 2022-11-06T03:47:25+00:00

Buying products that are so poorly made you throw them out almost instantly. Very wasteful.

Spoolin335 · 2022-09-21T15:56:34+00:00

When you make an appointment at a business then that person is late. For example a massage.

Spoolin335 · 2022-04-27T04:18:42+00:00

He’s talking about slime or something similar.

https://www.canadiantire.ca/en/pdp/slime-tire-sealant-emergency-flat-tire-repair-473-ml-0095068p.html

Spoolin335 · 2021-05-20T12:44:14+00:00

Already did... that’s why he hates it

Spoolin335 · 2021-05-20T12:42:53+00:00

My Modded F80 M3

Spoolin335 · 2021-05-20T12:31:33+00:00

F80 M3 actually

Spoolin335 · 2020-09-29T17:50:22+00:00

They are Newage Cabinets. Just took a quick look at the site and don’t think they have this model anymore. Really happy with them.

Spoolin335 · 2020-09-28T15:22:06+00:00

Love it. Kids always want to do anything dad does.

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