It’s no secret that planning for a wedding and planning for a marriage are two very different things. Depending on the length of your engagement and the breadth of your wedding budget, newly engaged couples usually have a ton of decisions to make about how to celebrate their big day. Given the timelines involved, planning for the actual marriage often takes a back seat to wedding planning. If you’ve got a wedding on the horizon, make these three easy ways to increase marital bliss a part of your marriage planning.
1. Update your marital status with CRA
Notify the Canada Revenue Agency (CRA) of your change in marital status, as it may impact your family’s entitlement to benefits, such as the GST/HST sales tax credit and the Canada child benefit. You can notify CRA online, by phone (1-800-387-1193), or by mailing a completed Form RC65, Marital Status Change to your tax centre. You need to let CRA know of your marriage by the end of the month after the month you got married. No newlywed couple wants to deal with a benefits overpayment and clawback because they forgot to notify CRA of their marriage!
2. Make an appointment with a Family Lawyer
A consultation with a skilled Family Lawyer will enable you and your partner to sort out whether a marriage contract or prenup can benefit your family. Taking the time to consult a Family Lawyer before you wed can potentially reduce future conflict over how you share finances, assets, and business interests during your marriage. Although not as enjoyable a task as tasting and choosing wedding cakes, it is in your family’s best interest to at least discuss these issues before the wedding.
3. Make an appointment with a Wills and Estates Lawyer
In Ontario, marriage revokes a Will unless the Will contains a declaration that it has been made in contemplation of marriage. Making an appointment with a Wills and Estates Lawyer to get Wills and powers of attorney in place before the big day will ensure you and your partner understand:
Take the Next Step
Contact me directly for more information or come to the Tie the Knot Urban Wedding Show on February 17, 2018 to meet the Fresh Legal team and myself. We will be there answering questions about the legal implications of getting married. We will also be hosting a free "Before you tie the knot!" information session on February 26, 2018.