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Joint ownership makes access to the investments easier by a surviving spouse, but requires diligent record-keeping while you’re both alive.
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“From Canada Revenue Agency’s (CRA) point of view, the taxation of jointly held investments is simple—taxes are paid on the investment according to the original contribution ratio to the investment.” In my case my wife and I owned a house jointly and when it was sold we transferred the money from the sale into a Joint Non-reg account. The money was only from the house sale that we both legally owned 50/50. My question if we sell a stock in this account, could we not split the capital gain as the original contribution ratio was 50/50 from the house sale. No other money has ever been put into this account.
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