Tax season: How getting married, becoming common law impacts your filing
A couple is considered common-law after living together for 12 months, and by law must tell the CRA about the status change and file their individual taxes as common-law, said Gabriel Lalonde, a certified financial planner and president of MDL Financial Group. If you have a child together and live together, you become common-law, he added.
When you’re single, you’re considered a household for tax purposes. But when you partner up, tax-wise, you combine to become one household. That means any benefit based on your household income, such as the GST/HST credit or the Canada child benefit, may no longer be coming your way, or you’ll be getting a smaller amount, said Lalonde.
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