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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Savings Plan where one spouse (the contributor ) makes contributions, but the account is owned and will eventually be withdrawn by the other spouse (the annuitant ).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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Ontario’s ‘Crypto King’ Arrested and Charged with Fraud

 

Aiden Pleterski, the self-proclaimed “Crypto King” of Ontario, has found himself in legal trouble. Along with one of his associates, Colin Murphy, Pleterski has been arrested and charged with fraud. The charges stem from an alleged investment scheme that scammed investors out of an estimated $40 million.

The Investigation

Durham Regional Police launched a 16-month investigation, code-named Project Swan, into Pleterski’s activities. The investigation was triggered by numerous complaints from investors who claimed they had fallen victim to his fraudulent scheme. Pleterski had promised to invest their money in cryptocurrency and foreign exchange but allegedly misappropriated the funds for personal gain instead.

The Allegations

Pleterski’s investors have been on a quest to recover their lost millions. Despite being forced into bankruptcy, Pleterski continued to live a lavish lifestyle, jet-setting to various destinations around the world. His spending included renting private jets, going on vacations, and adding luxury cars to his collection. The bankruptcy proceedings have managed to recover only about $3 million for approximately 160 investors.

Colin Murphy’s Role

Colin Murphy, Pleterski’s associate, also faces charges related to the same fraudulent scheme. Murphy was sentenced for contempt of court in a lawsuit filed by an investor who sought to recover $120,000 that had been given to him for investment with Pleterski.

The Fallout

The case of Ontario’s “Crypto King” serves as a cautionary tale for investors. It highlights the importance of due diligence and skepticism when dealing with high-risk investments. As authorities continue their legal proceedings, Pleterski and Murphy will face the consequences of their alleged actions. Meanwhile, investors hope to reclaim what remains of their lost fortunes.

Remember, in the world of cryptocurrencies and investments, not all that glitters is gold. Always verify claims, seek professional advice, and be wary of promises that sound too good to be true. The downfall of the “Crypto King” reminds us that even in the digital age, old adages still hold: "Buyer beware."


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