Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone

Canadian couples looking to save money in retirement may turn to spousal RRSP accounts, though financial experts caution it might not work for everyone.

Aba Quarshie, a financial planner at RBC in Almonte, Ont., said in order for a couple to benefit from a spousal RRSP there generally need to be differences between the partners.

"We are looking for imbalances in incomes and also perhaps imbalances in age, so that's usually where we see the greatest benefit," she said.

"It's not for everybody. What is good for your neighbour might not necessarily be good for you."