Kustom Design Group of Companies

Spouses’ tax returns are related.  Spouses have a number of ways to reduce taxes by splitting income, deductions and credits so it is important that spouses’ tax returns are filed together.  This will ensure that you are not missing out on any information from your spouse’s tax return that could cause you to file an incorrect tax return.

On your tax return, you are required to report what your marital status was as of December 31^st of the tax year.  This is done by selecting the appropriate status on your return:  Married, Living Common-Law, Widowed, Divorced, Separated, Single.

In some instances, choosing your Income Tax & Benefit Package based on where you resided last December 31, 2011 does not apply. Here are the exceptions:

• If, on December 31, 2011, you had residential ties in more than one province or territory, use the package for the province or territory where you have your most important residential ties.
  

As mentioned in a previous blog, there are several types of Income Tax & Benefit Package available for you depending on where you were residing at the end of the tax year.  Kindly refer to the blog, 2011 General Income Tax and Benefit Package now available, from last week for links to the Income Tax and Benefit Package of each province and territory.