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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Savings Plan where one spouse (the contributor ) makes contributions, but the account is owned and will eventually be withdrawn by the other spouse (the annuitant ).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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Canadians Advised to Leave Lebanon Amid Rising Tensions and Flight Cancellations

 

The Canadian government has issued an urgent advisory for its citizens in Lebanon to return home immediately, as escalating tensions in the region have led to the cancellation of several flights.

Lara Salameh, a Laval, Quebec resident, was scheduled to fly back to Montreal from Beirut with her family, but their flight was cancelled the night before departure. Air France informed her that services out of Beirut were suspended due to the unstable security situation.

Foreign Affairs Minister Mélanie Joly emphasized the urgency of the situation, stating, "If you are in Lebanon, come back home. If tensions escalate, the situation on the ground may not allow us to help you, and you won’t be able to leave". The Canadian government has been preparing for a potential evacuation since October, deploying military personnel to Lebanon and Cyprus.

The conflict between Israel and Hezbollah has intensified, with Hezbollah’s leader declaring a “new phase” in the conflict following the death of a commander in an Israeli airstrike. This has heightened fears of a broader conflict, prompting the Canadian government to advise its citizens to leave Lebanon while commercial flights are still available.

Despite the warnings, not all Canadians in Lebanon are planning to leave. Some, like Stephani Moukhaiber, who returned to Lebanon from Montreal last year, intend to stay despite the rising tensions.

As the situation remains volatile, Canadians in Lebanon are urged to monitor travel advisories and make arrangements to return home as soon as possible.


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