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Parker and Morgan both have RRSP accounts. Parker contributed $4,000 into their own RRSP account in December 2022 and $4,000 into a spousal RRSP for

Parker and Morgan both have RRSP accounts. Parker contributed $4,000 into their own RRSP account in December 2022 and $4,000 into a spousal RRSP for Morgan in January 2023. Morgan has not contributed into RRSPs for the last 2 years. Parker's RRSP deduction limit is $45,000 and Morgan's RRSP deduction limit is $3,000.

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