William and Helen are a common law couple who contribute regularly to their RRSPs. William's annual contribution limit is $10,000, while Helen has a limit of $4,000. William will have a higher marginal rate than Helen in retirement in 10 years' time. If William contributes $10,000 to Helen's RRSP, what benefit will the couple realize?

Answer rating: 100% (QA)

Contributing to a spouses RRSP can be a strategic financial move especially when theres a significan... View the full answer