Sentences with phrase «common law partners in»

Likewise, common law partners in Ontario have no right to seek a division of assets if the union dissolves.

Not exact matches

He had a common - law partner for 10 years who sued him for millions in 2009, and is now engaged to a former model.

My partner - in - crime (and common - law marriage), Rob, is a constant source of inspiration and amusement.

For 2011 and subsequent years, the budget proposes a new non-refundable tax credit based on eligible expenses paid for the cost of registration or membership of your or your spouse's or common - law partner's child in a prescribed program of artistic, cultural, recreational or developmental activity (eligible program).

My husband is my partner in marriage, my partner in parenting and I also acknowledge that a family may be comprised of common - law parents, same sex parents, single parents depending on an outside support person such as Grandparents to act as their partner.

(Knight in truth had fourteen children; five with his wife Serena (Keri Russell), the rest with Rachel as common - law partner.

Much as charter schools are partners with the district in working towards our common goal of ensuring all students in Los Angeles receive a high quality education, we hope to be partners in finding long - term facilities solutions, which comply with the law, to accommodate all public school students.»

Eligible Dependent Credit In order to qualify for this amount, you must be the sole supporter of a dependent who was living with you in 2014 — meaning you do not have a spouse or common - law partner or you were not living with or being supported by a spouse or common - law partneIn order to qualify for this amount, you must be the sole supporter of a dependent who was living with you in 2014 — meaning you do not have a spouse or common - law partner or you were not living with or being supported by a spouse or common - law partnein 2014 — meaning you do not have a spouse or common - law partner or you were not living with or being supported by a spouse or common - law partner.

Previously, filers could claim the fees for fitness and arts programs — up to $ 500 and $ 250, respectively, in 2016 — for a child of the taxpayer, spouse or common law partner.

Nor does it apply in British Columbia, where recently - passed legislation requires common - law partners to evenly split all assets acquired during the relationship.

Pension income splitting was introduced in 2007 to allow you to move up to 50 % of your eligible pension income to your spouse or common law partner's tax return if you received pension income eligible for the pension income amount.

The two common - law partners live in a townhouse they bought in a trendy downtown Toronto neighbourhood in 2012 — the year they said good - bye to the single life and officially became an item.

We asked Laura Paris, an associate with Shulman Law Firm in Toronto, and Sarah Dargatz, a partner at Latitude Family Law in Edmonton, to bust common divorce myths.

A common - law partner is defined as a person who has lived with you in a conjugal relationship throughout the 12 - month period that ends at that time, or who is the natural or adoptive parent of your child.

If your spouse or common - law partner is in a lower tax bracket than you, shifting this income to his or her hands helps lower the total family tax bill.

Common - law partner A person of the opposite or the same sex who has either cohabited with you for at least one year in a conjugal relationship or is the parent of your child.

For example, suppose you're entitled to $ 10,000 in annual CPP benefits, but your spouse or common - law partner is entitled to only $ 4,000.

The language was made au courant in 2001 when the CRA added in «common - law partner,» in addition to «spouse.»

According to Louis Chiafullo, a partner in the insurance practice at law firm McCarter & English LLP, one of the most common misconceptions about flood insurance is that it's included in standard homeowner's policy.

Your «principal residence» is generally any residential property owned and occupied by you or your spouse or common - law partner, your former spouse or common - law partner or your child at any time in the year.

In this case, any capital gain or loss is deferred until the property is disposed of by the spouse or common - law partner or the spousal trust.

In general, you're affiliated with yourself and your spouse or common - law partner and with a corporation that you control, or you and your spouse or common - law partner control — but not with your children.

A home can be designated as your principal residence for each year in which you, your spouse or common - law partner and / or your children were residents in Canada and ordinarily lived in it for some time during the particular year.

(ii) to the extent that the spouse or common - law partner does not, at the time of the contribution of the property under the TFSA, have an excess TFSA amount (as defined in subsection 207.01 (1)-RRB-.»

A: There is a four - year rule that would allow you to be considered a first - time home buyer again in 2017, as long as you haven't occupied a home that you or your current spouse or common - law partner owned in between 2012 to 2016.

On that basis, your wife's spousal RRSP withdrawal could cost you from 20 % to over 50 % tax, Jeff, whether indirectly due to a reduction in your spouse or common law partner amount tax credit or directly due to spousal RRSP income attribution.

In the case of the breakdown of a marriage or common - law relationship, TFSAs can be transferred tax - free between partners without affecting the recipient's TFSA room.

But for disabled adults unable to enter into a contract, a qualifying family member — including a spouse, common - law partner or parent — can become the «plan holder» who is in charge of setting up and managing the RDSP.

According to the CRA, a buyer is disqualified from claiming these credits if they've already owned a home or they lived in a home owned by their spouse or common - law partner now or in the last five years.

The signatures on this form must be witnessed by someone other than the applicant, co-applicant, spouse or common - law partner of any of these persons or in Ontario the applicant's child or a person who treats the applicant as his or her child.

All capital properties, such as shares in companies and real estate, are automatically transferred between spouses or common - law partners on a tax - free basis.

Setting up a spousal RRSP is a good idea if you expect your spouse or common - law partner to be in a lower tax bracket than you on retirement.

If you or your spouse or common - law partner carry on a business as a sole proprietor or in a partnership (other than as a member of a limited partnership) during the year, you both have until June 15 of the following year to file your returns.

When funds are withdrawn from the spousal RRSP, they are taxed in your spouse's or common - law partner's hands at his or her lower tax rate (this arrangement is subject to special rules to prevent abuse).

If all of these conditions have been met, any subsequent capital gain or loss realized on a sale to a third party can be taxed in your spouse or common - law partner's hands (rather than in your hands).

Tax Return Filing Deadline for Self - Employed Persons: If you or your spouse or common - law partner carried on a business in 2011 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2011 has to be filed on or before June 15, 2012.

Tax - free RRSP withdrawals can also be made to assist you in financing full - time training or education for you or your spouse or common - law partner.

To qualify, you or your spouse or common - law partner must be enrolled or committed to enrol as a full - time student in a qualifying education program of at least three months» duration at a designated educational institution.

The money in the TFSA can still be willed to a spouse or common - law partner, but probate fees will be applied and the money will no longer be tax - sheltered.

In the case of your spouse or common - law partner, you can still make contributions to a spousal RRSP in their name until the year they turn 71, regardless of your agIn the case of your spouse or common - law partner, you can still make contributions to a spousal RRSP in their name until the year they turn 71, regardless of your agin their name until the year they turn 71, regardless of your age.

IMPORTANT INFO: AutoAid is in the process of updating the policy wording to avoid confusion that your common - law partner is NOT excluded (subject to proof being provided within seven days).

Of all the stepfamilies identified, 271,930 were considered simple stepfamilies, in which all children are the biological or adopted children of only one married spouse or common - law partner in the couple and whose birth or adoption preceded the current relationship.

If you transfer or gift funds to your spouse or common law partner, any interest, dividends or capital gains earned on those funds will continue to be taxed in your hands.

Simplified, such conditions require that no corporation be a beneficiary of the trust and the trust must designate in prescribed form each individual — a «specified beneficiary» — who is a beneficiary of the trust and ordinarily inhabited the property (or the beneficiary's spouse or common - law partner or child ordinarily inhabited the property).

You are a first time home buyer if, in the four year period, you did not live in a home that you or your current spouse or common - law partner owned.

Q: My son and his common - law partner bought a condo together in Vancouver last year — which has since gone up in value.

Your «pension partner» — defined in Alberta as someone you are married to or your common - law partner of more than 3 years (or less if you have a child together)-- has to sign a waiver form to permit a withdrawal from a LIRA.

While the couple is together, withdrawals from spousal or common - law partner RRSPs made by the annuitant are reportable by contributing spouses if RRSP contributions have been made in the current or previous two years.

A person may contribute all or part of his (or her) maximum annual contribution to a retirement account registered in the name of his (or her) spouse or common - law partner.

A law firm merger can lead to growth, but in the short term it likely leads to some retrenchment due to conflicts or partners who are now tempted to take a headhunter's call.And then there is the post-merger reality common in the corporate world, but rarely mentioned in the legal press: restructuring.