Question: jenny contributed 5000 each year for five years to a spousal rrsp in alberts name. in the sixth calnedr year jenny did not contribute and
jenny contributed 5000 each year for five years to a spousal rrsp in alberts name. in the sixth calnedr year jenny did not contribute and albert withdrew all the funds from the spousal rrsp. what are the tax implications of the withdrawal for alber and jenny? jenny includes 25000 in her taxable income and albert includes income earned in the plan in his taxable income albert includes 10000 in his taxable income and jenny includes 15000 plus income earned in the plan in her taxable income no effect on jenny's taxable income and albert includes 25000 plus income earned in the plan in his taxable income jenny includes 10000 in her taxable income and albert includes 15000 plus income earned in the plan in his taxable income
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