The tax consequences for older Canadians in a common-law relationships - The Globe and Mail
/cloudfront-us-east-1.images.arcpublishing.com/tgam/GKVILEY65ZCILASNBDTQ2SAWCM.jpg)
6/27/2022 12:00:00 AM2 years 10 months ago
by Daina Lawrence
by Daina Lawrence
It’s important to know the CRA’s definition of common law as it differs from other legal definitions, such as family law, and to prepare for how the relationship may affect clients and their finances
Once a couple are common law, they only have one principal residence exemption between them for each year that they are determined to be common-law.BERNARD BODO/iStockPhoto / Getty Images Are you a … [+6268 chars]
full article...