BlogBite (3)
Question: during the marriage, I contributed to my Wife's RRSP - on separation, is it mine or hers?
Answer: It's hers. That being said, if you were married, on separation you will receive one-half of the notional value of the RRSP through the equalization mechanism (the division of assets in Ontario). The RRSP will be one of the assets listed as part of her net family property and will be equalized with you.
Do you still have questions? Please call us for a free 30 minute consultation.
Question: during the marriage, I contributed to my Wife's RRSP - on separation, is it mine or hers?
Answer: It's hers. That being said, if you were married, on separation you will receive one-half of the notional value of the RRSP through the equalization mechanism (the division of assets in Ontario). The RRSP will be one of the assets listed as part of her net family property and will be equalized with you.
Do you still have questions? Please call us for a free 30 minute consultation.
