Getting married? Make sure you understand the tax and financial implications

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 14 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 66%

Spouse News

Tax,Cra,Rrsp

Personal finance moves to make when tying the knot include informing the CRA of your martial status and creating or updating a will

Our son Win got married on the weekend to Sarah. I had a conversation with him before they left on their honeymoon, explaining that he needs to get good at answering questions. I told him that, according to comedian Jerry Seinfeld, being a husband is much like being on the television game showFor example, I told Win not to be surprised if Sarah wakes up one morning and says: “I’ll take details of a 10-minute conversation we had at three o’clock in the morning two years ago for $500.

Tim Cestnick, FCPA, FCA, CPA, CFP, TEP, is an author, and co-founder and CEO of Our Family Office Inc. He can be reached atSeven reasons to reconsider contributing to your RRSP this tax seasonSeven reasons to reconsider contributing to your RRSP this tax season

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in ERROR

Finance Finance Latest News, Finance Finance Headlines