Spouse RRSP, need special account?
Hi,
me and my wife both have a RRSP with BMO Investor line. I usually do contribution from a shared bank account and use the BMO Investor Line Tax Information at the end of the year to declare RRSP contribution.
I have a lot of unused RRSP room, and my wife have none. I would like to contribute to her RRSP. Can I simply transfer money in her RRSP account, and at the end of the year deduct it on My tax? or I need a special RRSP account for that?
me and my wife both have a RRSP with BMO Investor line. I usually do contribution from a shared bank account and use the BMO Investor Line Tax Information at the end of the year to declare RRSP contribution.
I have a lot of unused RRSP room, and my wife have none. I would like to contribute to her RRSP. Can I simply transfer money in her RRSP account, and at the end of the year deduct it on My tax? or I need a special RRSP account for that?