UpFront Wealth
Tax Planning

Income Splitting Calculator

See how much your household can save in taxes by using a spousal RRSP to split income between partners. Finds the optimal contribution amount.

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How Spousal RRSP Splitting Works

The higher-earning partner contributes to a spousal RRSP and gets the tax deduction now. When the lower-earning partner withdraws in retirement, the income is taxed at their lower rate. The result: less total tax paid as a household.

Household Details

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Gross annual employment or self-employment income

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Gross annual employment or self-employment income

Province where both partners file taxes

Both married and common-law partners are eligible for spousal RRSPs

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Amount the higher earner contributes to their spouse's RRSP (uses the contributor's RRSP room)

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