How do tax credits work within a spousal RRSP?
When Golden Opportunities Fund is purchased in a spousal RRSP, either spouse is able to claim the tax credits. This means that in the first 60 days of the year, a maximum of $20,000 could be contributed to the spousal RRSP with each spouse using tax credits on $5,000 contributions for the current and the prior tax year (assuming no prior investment).
