HawthorneVillager.com

Hawthorne Village (Milton) Discussion Board
It is currently Sat Mar 06, 2021 12:45 pm

All times are UTC - 5 hours




Post new topic Reply to topic  [ 2 posts ] 
Author Message
 Post subject: Spousal RRSP withdrawal
PostPosted: Sat Jan 27, 2007 8:28 pm 
Offline
User avatar

Joined: Tue Aug 01, 2006 9:47 am
Posts: 232
Just curious to know if anyone can answer:

I have already withdrawn 20,000 from my personal RRSP as a downpayment to our house.

I also contribute to a spousal RRSP on behalf of my wife and we were planning to withdraw from her RRSP an amount sufficient to cover the closing costs, but I am not sure if my wife can withdraw from the spousal because my name is on it, and I have reached the maximum.

Any comments appreciated.

_________________
Image


Last edited by Ian and Franca on Tue May 15, 2007 3:20 pm, edited 1 time in total.

Top
 Profile  
Reply with quote  
PostPosted: Sun Jan 28, 2007 9:13 am 
Offline

Joined: Fri Feb 17, 2006 9:14 am
Posts: 674
Get some good advice from whomever administers your spousal RSP. There are rules that stipulate how long the money must be in the spousal RSP without being attributed to the contributor on withdrawal (generally not before Jan 1 of the third calendar year after the contribution.)

Cheers,
Hunter

_________________
Hunter Obee
Sales Representative
Royal LePage Meadowtowne Realty
Diamond Award Winner - Top 3% in Canada
http://www.TheHomeHunter.ca
905-878-8101


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 5 hours


Who is online

Users browsing this forum: No registered users and 0 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
[ Time : 0.094s | 13 Queries | GZIP : Off ]