tj444 -> RE: Prenups (9/23/2011 5:47:06 PM)
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quote:
ORIGINAL: HeatherMcLeather quote:
You have said you are with Hanners and are hers, you take direction from her first and foremost, that you are a couple. So in that respect you did choose to have it apply to you. What I say has no bearing on my tax status. We were not living as a couple for 12 months at the time we ceased to live as a couple and began to live as a foursome. The tax code makes no provision for being in three common law relationships at the same time, so none of them count for tax purposes unless the people involved declare them to be such. So the only way we could be considered a common law equivalent to married couple for tax purposes is if we so indicate on our tax return. quote:
But.. you still havent answered this.. how is property viewed in your relationship Because you never asked it, that's why I never answered it. The simple, and one would think obvious, answer is that it is irrelevant to the topic because we are not married and do not consider ourselves married. What is Hanners' is Hanners', what is Suze's is Suze's, what is Cheri's is Cheri's, and I don't actually own anything. How each of them decide among themselves to determine who owns the things they buy together is up to them at the time they buy it. When I decide to marry, everything we both individually own will become mutually owned, or I won't marry that person, as I would consider it a sure sign that I wasn't really considered worth marrying if she were to withhold some of her possessions "just in case". If you don't trust me and don't believe that we can make it work, then don't marry me. Let's just shack up and be together. I know you and Hanners have not lived together for 12 months, but that doesnt mean that at some point a couple of years from now or whenever, that it might not apply to you. Its something that i dont think many common-law same or hetro couples give much thought to. Should Revenue Canada decide at some point to audit you or your partner (Hanners or someone else), they might decide you should be filing as a common-law couple and not as 2 singles & that you owe more tax as a result. If that were to happen then it doesnt matter how you declare yourself if Rev Can has decided you are a common-law couple. I have never had a prenup/agreement in my past but part of me thinks that was just dumb luck. And I dont know about you but for me, if i live with someone that i love, am having sex with and sleeping in the same bed with, I wont go into that with the attitude that its not going to last. I want it to last! But when i do live with someone i will want a co-habitation agreement. Imo, it just sets everything out, who pays how much for what, taking into account any kids, pets, etc etc and the biggest reason is that it would give me peace of mind, I dont like the unknown and this is one way to reduce the unknown for me (& him). I would not go into business with someone without a partnership agreement even tho i dont go into business for it to fail, I would not buy an investment property with someone else without having a written agreement, living together is the same to me. And i am not trying to tell you what to do or tell you that you are wrong so please I dont get all upset just cuz i point out something you hadnt considered before. You are an adult and will make up your own mind on things, making mistakes is how people tend to learn. Just something i have learned since being your age is that it's a lot easier, cheaper and less frustrating to learn from someone else's mistakes rather than my own. [:)]
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