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How to Use a Spousal RRSP to Save Thousands in Retirement (2026 Guide)

  Published: April 2026 | Reading time: 10 min | Category: Retirement, Tax Savings, Personal Finance Most Canadian couples are leaving thousands of dollars on the table every single year by not using a spousal RRSP. It's one of the most powerful — and most underused — income-splitting strategies available to Canadians, and it's completely legal, fully endorsed by CRA, and available to almost every married or common-law couple in the country. If one spouse earns significantly more than the other, a spousal RRSP can save your household $5,000–$15,000 or more in lifetime taxes. This guide explains exactly how it works, who benefits most, and the rules you need to know to do it correctly. What Is a Spousal RRSP? A spousal RRSP is a Registered Retirement Savings Plan where one spouse (the contributor ) makes contributions, but the account is owned and will eventually be withdrawn by the other spouse (the annuitant ). The key mechanics: The contributing spouse gets the ...
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Tragic Toll: 274 Palestinians Killed in Israeli Raid to Rescue Hostages

 

In a devastating operation, at least 274 Palestinians, including dozens of children, lost their lives during an Israeli raid that successfully rescued four hostages held by Hamas. The complex daytime operation unfolded deep in central Gaza, where Israeli forces faced heavy fire. The toll of this rescue mission underscores the immense cost of conflict in the region, adding to the already soaring casualties from the 8-month-old war ignited by Hamas’ earlier attack. The situation remains fraught, with scores of hostages believed to be held in densely populated areas or within Hamas’ intricate tunnel network, making rescues perilous and complex.

The tragic scenes at Gaza hospitals reveal the chaos and carnage. Overwhelmed medical facilities were already grappling with treating the wounded from days of intense Israeli strikes. Children, burnt and in shock, screamed for their parents. Amidst this horror, a special forces officer was killed during the operation, emphasizing the risks faced by those involved.

This grim incident serves as a stark reminder of the human cost of conflict and the urgent need for peace in the region. Our hearts go out to the families affected by this tragedy, and we hope for a future where such devastating operations are no longer necessary.

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