This question is for those familiar with Canada's income tax laws.
My wife and I have maxed out our TFSAs. We also max contribute to our kid's RESPs. We also contribute a healthy amount to our RRSPs every year.
We now have some extra money, and I'm thinking of opening — for one of us — a non-registered investment account, for stock purchases.
Should our non-registered account be opened in the name of any particular person, in regards to what their income is (i.e. highest, or lowest)? Or, should I get us both an account, and split the extra investment money we have between the two? Does it even matter? What other options might there be?