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How becoming common-law or getting hitched changes tax-filing season
BNN Bloomberg
As more Canadians enter common-law relationships, experts are encouraging young couples to educate themselves on the tax implications.
“There are credits that you may be used to getting, if you're a single person,” said Stefanie Ricchio, a Toronto-based CPA.
“There is a little element of surprise.”
In 2021, more than one in five Canadian couples were common-law, meaning they lived together in an official, legal union without being legally married.
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