Question: John Goudreau thought it would be a good idea for his wife, Justine, to set up a Spousal Registered Retirement Savings Plan ( S -

John Goudreau thought it would be a good idea for his wife, Justine, to set up a Spousal Registered Retirement Savings Plan (S-RRSP). To help get the account going, John maximized his contribution into the fund and deposited $15,000 into Justine's S-RRSP a year and a half ago. Last week, Justine withdrew all $15,000 from the account for a shopping spree. Which of the following statements is TRUE?
John will pay tax on $6,000
John will pay tax on $15,000
Justine will pay tax on $6,000
Justine will pay tax on $15,000

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