Markus is the annuitant under two spousal RRSPs: one held at a bank and one held at a credit union. His common-law partner, Wendy, is the contributor to each plan. On February 14th of last year, Wendy contributed $15,000 to Markus' spousal RRSP held at the credit union. The last contribution made to Markus' spousal RRSP at the bank was two years ago. Assuming the contribution made by Wendy last year is the last transaction to take place in either spousal RRSP, what is the EARLIEST date Markus can withdraw $10,000 from his spousal RRSP held at the bank such that the withdrawal will be taxable in his hands?

Answer rating: 100% (QA)

To determine the earliest date Markus can withdraw 10000 from his spousal RRSP held at the bank we n... View the full answer