I have a client who has paid into his wife’s RRSP plan (she is the only annuitant on plan).
How do I apply this amount to her Home buyers plan Line 9 on RRSP worksheet? It does not show up as amounts available on her just on his. I can override by reducing the amount he available to him and adding to her line 9 but wanted to check first.
I know on CRA’s website there is information that states" Not all contributions you make to your RRSP(s), PRPP or SPP in the repayment year or in the first 60 days of the year after can be designated as a repayment under the HBP. You cannot designate contributions that: you make to your spouse’s or common-law partner’s RRSP(s) or SPP (or that he or she makes to your RRSP(s)"
I presume this means that contributions he has made to his Spouses RRSp can not be used on his HBP but can still be used on hers?