Skip to content

Find a question

Can’t find what you’re looking for? Ask us a new question!

I have an RRSP – can I transfer it to my (non-spouse) partner’s name? If so, how does that work?



Our response:

While we try to provide as much information as possible, we are not able to provide financial advice.

A Registered Retirement Savings Plan (RRSP) is an example of a tax-deferred savings plan that is intended to provide you with a source of income at retirement. The money you make on your RRSP investments is not taxed as long as it stays in the plan. RRSP contributions are based on earned income, up to a certain percentage of your income, annual maximum contribution and other retirement contributions you make (e.g. to a company pension plan). This means that allowable contributions are different for everyone. Learn more about making contributions to an RRSP.

There is no way to change the name on your RRSP account to someone else’s. In addition, you can’t transfer money from your RRSP to the RRSP of someone else. This also applies to any spousal RRSPs that you may be contributing to.

If you or your partner have financial goals that you are trying to accomplish by making this change, we suggest you speak to a registered financial advisor or financial planner who can help you determine the best way to reach your goals based on your personal financial needs and financial situation.

Can’t find what you’re looking for?

Copy the URL to share:

  Share the site: