John Cardoso Posted August 23 Report Share Posted August 23 Which offers more tax advantages? a broker's" joint account" or an "individual account" where the wife is the inheritor of the individual account? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted August 25 Report Share Posted August 25 Hello John Cardoso, Sorry the COMMUNITY forum can not provide tax advice. Of note, you cannot simply split or optimize a capital gain / dividends or interest 50/50 with your spouse (or others). It is pre-defined as per the account set up with the financial institution. This is because of the Attribution Rules, tax rules which have been especially created to limit income splitting (shifting income from a family member with a higher income to a family member with a lower income to reduce the overall tax a family has to pay). https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/it511r/archived-interspousal-certain-other-transfers-loans-property.html Quote Link to comment Share on other sites More sharing options...
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