Can a person who is receiving alimony contribute to an RRSP?

Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments, has the answer.

Jamie Golombek 17 March, 2003 | 2:00PM

Dear Expert:

Can a person who is receiving alimony contribute to an RRSP?

Expert Opinion:

RRSP contribution room is based on 18% of the prior year's "earned income". Earned income includes employment income, business income, rental income and other miscellaneous income sources, one of which is spousal support (formerly called "alimony").

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Jamie Golombek

Jamie Golombek