401k ( USA) to Spousal RRSP
Hello All,
Recently moved from USA and withdrew 82k from 401k this year ( already done, no turning back now). I have time until Feb end 2020 to deposit these funds into a RRSP else these funds would be counted against my 2019 income and will need to pay taxes on these. My spouse has no contribution room.
My Q: Can I split these funds into my RRSP and spouse's RRSP or do I have to deposit these into my RRSP only?
Thanks in advance !!
Recently moved from USA and withdrew 82k from 401k this year ( already done, no turning back now). I have time until Feb end 2020 to deposit these funds into a RRSP else these funds would be counted against my 2019 income and will need to pay taxes on these. My spouse has no contribution room.
My Q: Can I split these funds into my RRSP and spouse's RRSP or do I have to deposit these into my RRSP only?
Thanks in advance !!