The Huron Expositor, 1978-04-27, Page 6— BRIDAL. SECTION
Changes in marital status
also change your taxes
By Lyman MaeInnis, CA' she can be claimed as a
--youR INTERESTS
!
••
If you became divorced
or separated in 1977, and
paid either alimony trr
separation allowance - or
had these paid to you - your
tax situation could be in
for a change.
Or if you became
married, or, . reconciled a
marriage, or • lost your
spouse in death, there are
other tax implications.
First, if the divorce or
separation occurred during
the year, you are allowed to
claim- either the payments
General financial advice
by members of the Institute
of Chartered Accountants
of Ontario.
ydu made to your Spouse as
tax deductible expense,
or the exemptions you
might o_therwise. have ,been
entitled 63 had the separ-
tion or divorce not, taken
place. These would include
the standard deductions for
the spouse and the children
of the marriage who remain
the custody of that spouse.
Payments or deductions,
you choose the method that
is' most beneficial to you.
But, this option is only
available, in the year of
divorfe , or separation, In
the future, only the alimony
or separation " payments
would be deductible.
The spouse receiving the
alimony or separation
allowance must include all-
such receipts in income
regardless of the - tax
treatment elected by the
paying taxpayer.
If you became reconciled
in 1977, your spouse's
income for the entire year
must be considered in
determining Whether he or
How Wedding:
customs ,began
Evil Spirits were once dis,.
persed from a wedding site
by loud-shouts and the firing
of guns. ^ .
Today, this tradition con-
of_t_ying_
Old slioes:and tin cans to .the
back of bridaI rcars.
We can thank the
Saracens for the custom of
the bridal bouquet: Saracen
brides carried sprigs of
orange blosioms to • vitt- .
bolize fertility at first, then
„happiness and good fortune.
The Crusaderi in: turn
brought the custom' to
Eur.ope, Where it was
gradually adopted.
Ockt4ott
A recent survey indicates
the "Prince Charming"
myth is alive and well and
most young girls still fan-
tasize about finding a hus-
band and being a wife and
mother for the greater part
of their lives.
In reality, statistics - in7
aicate in a. group of ten
women: one will remain
single, one will be a widow
at age fifty, three will be
divorced and 6 Will 'mitt—
outside the home , for ap-
proximately thirty, years,
dependent. in these cir-
cumstances, alimony or
• , separation payments made
in the year are ignored for
income tax purposes by
both ,the •payor and
recipient.
If a taxpayer was married
for any part of the year, he
or she may claim, the
married exemption for the
whole year subject to the
spouse's income. But, it's
only income received while
married which affects the
-exemption. Ac-c,ordingly, a
person who gOt married in
December, • or whose
spouse died in January,
might well be eligible for a'
full married exemption
claim. ,
If your marital status
changed at all during 1977;
you should attach a note to
your return giving the .date
of the change.
Remember, too, that if
you were not legally ,
married in 1977 'you are
not entitled to any.exernpt-
ion in respect to your •
spouse. Comnon-law
relationships are not .'
recognized for this par—
'pose. You would, however,
he entitled. to the married
equivdlent exemption' if
you supported a dependent
related to you and who.
lived with you -- for
elample-,-yeur child from a
common-law relationship.
A dependent whose
address, while attending
school differed, from yours
will still be 'considered to
live with'you if, in fact, be
or Abe did Bite with you
during the non-school
portion Of the year._
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