What you need to know about Alberta divorce finances
202211.04
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What you need to know about Alberta divorce finances

in Divorce

Divorce can be a difficult time for everyone involved, especially when it comes to money. If you’re considering a divorce in Alberta, it’s essential to understand the financial implications of splitting up. This article will outline the basics of Alberta’s divorce finances, including asset division, child support, and spousal support. Knowing what to expect helps…

6 Considerations To Make About Your Taxes After a Divorce
202210.09
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6 Considerations To Make About Your Taxes After a Divorce

in Divorce, tax

Divorce can be a difficult and emotionally charged process, and there are a lot of processes to go through and documents to sign. Unfortunately, even once the separation documents are signed, there’s still something else to occupy your mind: your taxes. Divorce does have its financial implications, and one of the biggest implications occurs during…

Tax Things to Keep in Mind While Newly Divorced in Canada
202208.01
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Tax Things to Keep in Mind While Newly Divorced in Canada

Divorce in Canada is an optimal arrangement for some former married people’s physical and mental well-being. However, aside from having those parts of your life impacted, you will also experience some financial changes. Compared to taxes where everything is filed in conjunction with a former partner, there will be several differences to keep in mind….

Matrimonial Property Exemptions during Divorce in Alberta
202207.24
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Matrimonial Property Exemptions during Divorce in Alberta

Alberta’s Matrimonial Property Act (MPA), governing how property is divided upon divorce, defines several assets as exempt from distribution. Assets are exempt if they are so personal that the government does not expect you to share them with your partner. Any time you deprive yourself of an exempt asset, you risk forfeiting its exempt status. …

How to Protect Your Inheritance in Divorce or Separation
202207.10
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How to Protect Your Inheritance in Divorce or Separation

In Canada, there are ways for an individual to protect their inheritance in the event they get divorced or separated. However, the rules can be very different depending on whether the estate is received before, during, or after marriage. Read this article to learn about the steps you can take. Legal Advice in Receiving an…

Filing Taxes When You Are Divorced or Separated in Canada
202206.26
0

Filing Taxes When You Are Divorced or Separated in Canada

You may be considered separated by family law even if you live in the same household. However, the income tax act says that you are only considered separated if you start living separately and apart from your spouse or common-law partner due to relationship difficulties. If your relationship is on the rocks, this blog post…