: John and Jane are planning to buy a house. Here is what John said: I have $35,000 in my registered retirement savings plan. My spouse has no RRSP. I have roughly $60,000 in unused contribution room. We are planning on using the first-time Home Buyers Plan for my RRSP. My income is $80,000, my partners income is $35,000. We have over $50,000 in a joint savings account. Can I use $35,000 of that savings and put it into a spousal RRSP so that we can use the $35,000 from my own RRSP plus the $35,000 in the spousal RRSP? Whats the catch?