Jenny contributed $5,000 each year for five years to a spousal RRSP in Albert's name.

No effect on Jenny's taxable income and Albert includes $25,000 plus income earned in the plan in his taxable income.

Albert includes $10,000 in his taxable income and Jenny includes $15,000 plus income earned in the plan in her taxable income.

Jenny includes $25,000 in her taxable income and Albert includes income earned in the plan in his taxable income.

Jenny includes $10,000 in her taxable income and Albert includes $15,000 plus income earned in the plan in his taxable income.