Beginning in 2001, the term spouse has been replaced with spouse and common-law partner. Rights and obligations previously only available to spouses have been extended to common-law couples, whether of the opposite or same sex.
One such extension of rights includes the transfer of RRSP’s on breakdown of a common-law partnership. In fact, common-law partners may elect to retroactively apply the extended rights and obligations for the years 1998 through 2000. Before electing, be aware that both rights and obligations are affected so various tax credits and deductions could be affected by your common-law partner’s income.
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