Common-law / roommates and income payments
May 16th, 2012 by Questions
If I am living with my partner, but our finances are entirely separate (like roommates) do I need to report her income on my monthly statements?
And if not, who determines the nature of the relationship and how do they do that?
Posted from: Newfoundland and Labrador
One Response to “Common-law / roommates and income payments”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
May 16, 2012 at 7:59 pm, A licensed trustee said:
The law regarding the calculation of household income is open to some interpretation, but basicly, if a person benefits from your expenditures (and/or you benefit from theirs) then you are likely a household and all income needs to be reported.
This is something to discuss with your trustee BEFORE you file. A word of caution – a trustee might be willing to consider you as roomates rather than a household, BUT should you fail to perform all of your duties properly and you end up in Court, a judge may take a very different view… In other words, make sure you do what you are supposed to so you don’t end up in Court.