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Returning Member
posted Apr 14, 2023 11:37:03 PM

Transfer installment overpayment to spouse?

When reviewing the final returns for my wife and I, I see that I overpaid my income tax instalments and she underpaid them.

 

This means I will get a refund but she have to pay taxes owing. Consequently she will probably end up paying interest & penalties on the underpayment.

 

Is there any way to transfer my overpaid amount to her account so that she gets credit for the overpayment of the installments?

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1 Replies
Returning Member
Apr 17, 2023 11:39:47 AM

I called Revenue Canada and they said there is no way to transfer an overpayment to a spouse.