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Can a RRIF be owned by more than one person?



Our response:

Yes, if you hold a Spousal Registered Retirement Savings Plan (RRSP), it can be closed and converted to a Spousal Registered Retirement Income Fund (RRIF).

A spousal RRSP is registered in the name of your spouse or common-law partner. They own the investments in the RRSP, but you contribute to it. You get the tax deduction for any contributions you make to a spousal RRSP. Any contributions you make reduce your own RRSP deduction limit for the year. They won’t affect how much your spouse can contribute to their own RRSP. Learn more about how spousal RRSPs work and how to qualify on

Speak to a financial representative to learn your options and to understand the rules of a spousal RRIF.

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