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Tax Planning

Income Splitting Calculator

See the tax saving from a spousal RRSP contribution and how withdrawals are taxed to the lower-income spouse later.

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How Spousal RRSP Splitting Works

The higher-earning partner contributes to a spousal RRSP and gets the tax deduction now. When the lower-earning partner withdraws in retirement, the income is taxed at their lower rate. The result: less total tax paid as a household.

Household Details

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Gross annual employment or self-employment income

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Gross annual employment or self-employment income

Province where both partners file taxes

Both married and common-law partners are eligible for spousal RRSPs

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Amount the higher earner contributes to their spouse's RRSP (uses the contributor's RRSP room)

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Spousal contributions use the contributor's own room. Leave blank if you've already checked the amount fits.

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