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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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April 14, 2023
11:37 PM
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Filing
I called Revenue Canada and they said there is no way to transfer an overpayment to a spouse.
April 17, 2023
11:39 AM