Spousal RRSP's and Home Buyers Plan.
 

Got a question regarding spousal RRSP's and the Home Buyers Plan.

Me and my fiance are planning to buy a home in the future. I have over the $25k RRSP withdrawal limit for Home Buyers Plan (HBP) invested. My fiance does not, so if I were to contribute spousal RRSP's (ie, the contribution affects my taxable income), can we both
withdraw up to $25k each under the HBP plan, or do we not qualify since I am the one who made the majority of the RRSP investments?

I don't think it matters who makes the contribution, since under the spousal plan you are contributing into her registered account. I'm pretty sure it works this way, but I am no certified expert though.

call they cra, they have a pretty nice call in phone line and you get to talk to real people

u have to note that when you make a contribution into a spousal plan, it takes 3 years to actually be in her name for the withdrawal or else it would be in your name

thanks guys, went to see the wife's financial advisor on friday and got everything settled.