Hi, I'm new to this.
My girlfriend and I have just been living together for a couple months now in Ontario, no children and no current plans for children. I have read that we are not considered common law by the province for property sharing for 3 years, but we are considered common law by the federal government after a year. What changes at that one year point?
Also, there is considerable financial difference between us. My assets are somewhere around 70,000 more than hers right now and the gap will likely grow as time passes. Are my assets safe until the 3 year point? (We'll likely get married by then anyways if all goes well in the next couple years).
Thanks for any information and advice you can offer.
cautiousone
My girlfriend and I have just been living together for a couple months now in Ontario, no children and no current plans for children. I have read that we are not considered common law by the province for property sharing for 3 years, but we are considered common law by the federal government after a year. What changes at that one year point?
Also, there is considerable financial difference between us. My assets are somewhere around 70,000 more than hers right now and the gap will likely grow as time passes. Are my assets safe until the 3 year point? (We'll likely get married by then anyways if all goes well in the next couple years).
Thanks for any information and advice you can offer.
cautiousone
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