how does spousal rrsp work in canada
In a spousal RRSP, the plan is registered in your spouseâs name and controlled by her or him. As for all tax situations, the rules apply equally to common-law partners and married couples of either or the same sex.hey allow for income balancing if you make more money than your spouse. In Canada, couples that have equal income basically receive double the tax deductions. Spousal RRSPs are a way for couples to split retirement income. The money you put into an RRSP is allowed to grow tax deferred.