Is this legal to do ... taxes.

[2Windy]

We live in Canada, hubby is USA citizen. Due to PITA reporting on USA side I am the only one that invests in the stock market. To allow just a bit more to invest ... I have had none to minimal deductions on my pensions for taxes ... basically the money I would normally pay to CRA I invest and we pay quarterly installments out of his income for both our incomes. he is the higher earner. I was wondering if this setup would be technically wrong in the eyes of the CRA? Thanks.

[LJBill]

Not a lawyer. I pay the installments for both my wife and myself from our joint chequing account. The CRA tax payments go to a designated "address" that identifies the individual taxpayer (me or my wife). So the CRA really doesn't know "where" the money is coming from, from whose pocket. They do know "who" is sending it: when the online bill payment is made (using bill pay at RBC) it is known "who" is logged in and making the transaction (I don't know if this information is made available to the recipient), it's known that it is a joint account (again, this may not be disclosed to the recipient), and it's known "who" the taxpayer is that the payment is made for. I doubt that the CRA really cares "who" made the payment. Nor that it was from a joint account with commingled funds.

[LJBill]

Well, I didn't really address whether it's legal or not. But in my view it is perfectly legal. Cash money is fungible.