Common-Law Partner: Canada Debt .ca defines Common-Law Partner

Bankruptcy Term Common-Law Partner

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Canada Debt has the definition to the bankruptcy and debt term Common-Law Partner. Finding answers to terms such as Common-Law Partner can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Common-Law Partner in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Common-Law Partner' is used as follows:

A person (defined under the Income Tax Act) who is cohabitating with an individual in a conjugal relationship and has been so for a period of at least one year.