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financialassets Tagged Articles
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Cohabitation Agreements
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| In Canada, there remains a great deal of misunderstanding about the rights and responsibilities of common-law couples. There are no statutory property rights for common-law couples regardless of how long they have cohabited. There is a presumption that each person keeps the property that is in his or her name and property that was acquired jointly is divided in accordance with contributions to its acquisition. For this reason, division of property can become long and expensive arguments.
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