I've been living with my partner for 2 years now. He keeps saying that we're not common law until after living together for 3 years in the eyes of the law.
That's fine however, I'm worried that Revenue Canada considered us common law after 12 months and we were supposed to file jointly last year (and this).
Is it 3 years according to Ontario law or 12 months for tax purposes?
Also:
When I moved in to his house, we starting doing some major renovations to the place and we're using a line of credit he set up in his name. I'm paying a big chunk of money to this each month, as well as 1/2 the bills, etc. but my name is on nothing. No bills, no paperwork, no nothing. It basically looks like I'm a renter.
Am I screwing myself? I certainly don't plan on splitting up, we have a great relationship and are now engaged but I'm worried about any equity or investment I made for the last 2 years if anything should happen. I don't want any of his "stuff" before that but I've forked out a lot of cash!!
Any advice is greatly appreciated.
PC
That's fine however, I'm worried that Revenue Canada considered us common law after 12 months and we were supposed to file jointly last year (and this).
Is it 3 years according to Ontario law or 12 months for tax purposes?
Also:
When I moved in to his house, we starting doing some major renovations to the place and we're using a line of credit he set up in his name. I'm paying a big chunk of money to this each month, as well as 1/2 the bills, etc. but my name is on nothing. No bills, no paperwork, no nothing. It basically looks like I'm a renter.
Am I screwing myself? I certainly don't plan on splitting up, we have a great relationship and are now engaged but I'm worried about any equity or investment I made for the last 2 years if anything should happen. I don't want any of his "stuff" before that but I've forked out a lot of cash!!
Any advice is greatly appreciated.
PC

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