Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

0
Common Law and Property Division when filing taxes
Post Flair (click to view more posts with a particular flair)
Post Body

Does claming common law on your tax return mean that you are now common law, and that all of your investments and real estate investments are shared? Situation:

  • Starting dating in 2021, living separately. Moved in together January 2022 (BC)
  • Bought a condo with my own money and my mom cosigning on the condo in December 2021. Only purchased with my money for the downpayment
  • Considering using Line 30300 to get a larger tax return

When I read the common laws, it says "The property division rules apply to unmarried couples who have lived together in a marriage-like relationship for at least two years." However, is this not applied if you apply for common law during taxes?

TLDR Living together only for a little over the year, does claiming common law on my tax return mean that in case of breakup we split all assets as if we were living together for over 2 years?

Author
Account Strength
50%
Account Age
6 years
Verified Email
No
Verified Flair
No
Total Karma
5
Link Karma
5
Comment Karma
n/a
Profile updated: 6 hours ago
Posts updated: 3 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
2 years ago