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Tax Information You Need To Know If You Are Getting Married Or Entering Into A Common Law Partnership

Author: Patncat Co Inc. | | Categories: Administration Services , Bookkeeping Firm , Bookkeeping Services , Business Consultant , Certified Professional Bookkeeper , Certified QuickBooks ProAdvisor , Company Credit Check , Payroll Services , Personal Income Tax , Small Business Bookkeeping , Startup Business Consulting , Strategic Business Planning , Tax Preparation , Tax Preparer , Tax Services

Blog by Patncat Co Inc.

Once you get married change your status as soon as possible, because benefits such as the Child tax, and the GST/HST credit will be affected. The government will recalculate your benefits based on family information and net income. Benefits will be adjusted the following month you status changes.

If you do not report this change immediately and you wait until tax time, there could be a bill owing to the government with interest.



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