Sentences with phrase «of common law partner»

In light of the growing trend towards non-married couples, the rights and obligations of common law partners are very often unclear and / or misunderstood.

Not exact matches

The budget also offers a family - caregiver tax credit consisting of a 15 % non-refundable credit of $ 2,000 for caregivers of spouses, common - law partners and minors.

Family Caregiver Tax Credit Caregivers of infirm dependants (including spouses, common - law partners and minor children) will be able to claim a 15 per cent non-refundable tax on $ 2,000 (indexed for inflation) if receiving a dependency - related credit such as the Child Tax Credit, Infirm Dependant Credit, or the Caregiver Credit.

«Even with access to the bank of mom and dad, my common - law partner and I are unable to get into the market here.

Survivor's pension: The spouse or common - law partner of a deceased contributor may be eligible to receive a monthly survivor's pension.

Depending on the province where you live, after 2 or 3 years living together, you may be considered a common - law partnership and one of the partners may have some legal obligations towards the other.

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.

Relationship Status — Common Law Partnership of 5 years (i.e we're not married, but we've lived together for a quite a while) My partner is 33.

COMPATIBLE PARTNERS, EHARMONY, COMPATIBILITY PROFILE, COMPATIBILITY MATCHING SYSTEM, and several other marks, colors, and images are registered and common law trademarks of eHarmony, Inc..

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.»

A spouse or common - law partner under the age of 35 is not eligible for the spousal pension benefit, unless she is disabled or raising one or more of the deceased contributor's children.

After the death of the contributor, his surviving spouse or common - law partner is eligible to receive 60 percent of the pension amount till her death.

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 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.

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.

be 18 years of age or older or have a spouse or common - law partner or live with your dependant child on May 31, 2010

There is a CPP survivor's pension paid to the person who, at the time of death, is the legal spouse or common - law partner of the deceased contributor.

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.

The credit (up to a maximum of $ 2,000 per year) is based on the net reduction of federal tax that would be realized if up to $ 50,000 of the taxpayer's taxable income was transferred to a lower - income earning eligible spouse or common - law partner.

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.

The Canada Pension Plan Act permits you to assign a portion of your retirement pension to your spouse or common - law partner.

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.

show identification, are 16 years of age or older, and are your: parent, child, parent's spouse or common - law partner, child's spouse or common - law partner, brother or sister, half - brother or half - sister, stepbrother or stepsister, spouse or common - law partner, or are relatives of your spouse or common - law partner, including their: parent, child, parent's spouse or common - law partner, child's spouse or common - law partner, brother or sister, half - brother or half - sister, stepbrother or stepsister.

For instance, if you opt for a life annuity, you, or you and your spouse or common - law partner, can be guaranteed a specific income stream regardless of how long either of you survive.

Have the higher income spouse or common - law partner assume most or all of the personal household expenses, leaving the person with the lower income with as much disposable income as possible to invest.

The extent to which pension income splitting will be beneficial will depend on the marginal tax bracket of you and your spouse or common - law partner, as well as the amount of qualifying income that can be split.

You are not considered a first - time home buyer if, at any time during the period beginning January 1 of the fourth year before the year of the withdrawal and ending 31 days before the date of withdrawal, you or your spouse or common - law partner owned a home that you occupied as your principal place of residence.

If you're receiving income that qualifies for the pension income tax credit (see topic 90), you'll be able to allocate up to half of that income to your spouse or common - law partner (and vice versa).

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.

Another result of pension splitting is that the income tax withheld from your pension income will be reported on your spouse or common - law partner's return, proportional to the amount of income being split.

If you're under 65 years of age, eligible pension income includes lifetime annuity payments under an RPP and certain other payments received as a result of the death of your spouse or common - law partner.

Contributions to a spouse's or common - law partner's TFSA will be allowed, and TFSA assets will be transferable to the TFSA of a spouse or common - law partner upon death.

The election must apply to all of your spouse or common - law partner's dividends from taxable Canadian corporations — you can not pick - and - choose.

(i) while the property, or property substituted for it, is held under a TFSA of which the spouse or common - law partner is the holder, and

If you have no other full - time employees, or less than 50 % of the employees are at arm's length, the deduction for you and your dependants is restricted to an annual maximum of $ 1,500 for each of you, your spouse or common - law partner and other family members 18 years of age or older, and to $ 750 for each member of your household under 18.

(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-.»

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.

Don't miss these tax savings Pension splitting: You may be able to transfer up to 50 % of your pension benefits to a lower - earning spouse or common law partner.

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.

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.

Contribute to a spousal RRSP only until December 31 of the year that your spouse or common - law partner turns 71 years of age

Tax tip: If your spouse or common - law partner and / or other family members are directors of your corporation, consider paying them a director's fee for services performed.

Subject to age restrictions, you may contribute any amount up to your maximum to your RRSP, an RRSP set up for your spouse or common - law partner, or a combination of both.

Finally, all or a portion of your annual eligible contribution may be contributed to a plan set up for your spouse or common - law partner.

First of all, your spouse or common - law partner must have paid FMV for the property at the time of the transfer.

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.

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).

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.