OrangeJulius
Returning Member

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?

OrangeJulius
Returning Member

Filing

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