Defined Benefit Plan - Part of Income at retirement ?
1. Invest in Both our TFSA
2. Invest in My RRSP first
3. Invest in Wife's RRSP
My above logic is based on , on retirement wife will get paid by her Pension , if we have alot in her RRSP's , at retirement this will make her income go higher ( PENSION + RRSP ). I'm not certain if her defined benefit us counted as her income at retirement or we already paid taxes on it ?
would it make sense any other way ?
Let me know if anyone wants any clarification