Stuart and Cassandra are in a common law relationship. After seven years both of them decided to become legally married through a justice of the peace in their home province. As their financial planner, what would you advise the couple?

Should the couple go through a breakdown in their relationship, provincial legislation in their respective province will outline the criteria for divorce In a marriage, both spouses have an equal right to possession of the matrimonial home; regardless of whether or not they own the home Stuart and Cassandra will not be required to update their wills Stuart and Cassandra will no longer be eligible for the tax free rollover rules.

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In a marriage both spouses have an equal right to possession of the matrimonial home regardless of w... View the full answer