Alex has a maximum RRSP contribution limit of $17,000 this year. His wife Rose has a $9,500 limit. Which is a feasible way of making contributions to RRSPs?
A. Alex can contribute $7,500 to his own plan, $9,500 to a spousal RRSP for Rose and Rose can contribute $9,500 to her own RRSP.
B. Alex can contribute $26,500 to a spousal RRSP for Rose and Rose is not able to contribute anything to her own RRSP.
C. Alex can contribute $7,500 to his own RRSP, $9,500 to a spousal plan for Rose and Rose is not able to contribute anything to her own RRSP.
D. Alex can contribute $17,000 to his own RRSP and $9,500 to a spousal plan for Rose and Rose can contribute $9,500 to her own RRSP.