1. Frank and Elaine have been married for 10 years. They would like to start saving more for retirement and have $6,000 a year that they can contribute. Frank is an artist and his marginal tax rate is currently 20%. Elaine is an accountant and her marginal tax rate is 40%. Elaine also has a DBPP that is projected to provide $25,000 of income per year if she works at her company until age 65. Frank has unused RRSP contribution room of $32,000 and Elaine has unused RRSP contribution room of $76,000. Their best retirement option at the moment is:

   		Contribute to a TFSA for Frank as it is not considered as attributable to Elaine.
   		Contribute to a RRSP for Frank so as to build up his retirement income.
   		Contribute to a Spousal RRSP with Elaine as the contributor.
   		Contribute extra funds to Elaines DBPP as she is in the higher marginal tax bracket.