It’s been said that being married can be good for your health and even help you live longer. But do your clients know that it can also lead to a tax break?
Contributing to a common-law or married spouse’s registered retirement savings plan (RRSP), can help build their partner’s retirement nest egg. At the same time, the couple can lower the amount of tax that they pay collectively.
If you have clients that may benefit from a spousal RRSP, show them this article and invite them to talk with you about their retirement plans. You can find helpful resources to guide your retirement planning conversations by checking out Money for Life, Sun Life Financial’s customized approach to financial and retirement planning.*
*Only advisors who hold CFP (Certified Financial Planner), CH.F.C. (Chartered Financial Consultant), F.Pl. (Financial Planner in Quebec) or equivalent designations are certified as financial planners.
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