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

What to Know about Divorce Mediation and Its Benefits
202206.19
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What to Know about Divorce Mediation and Its Benefits

Going to court is, indeed, expensive and stressful, and couples have little control over the outcome. Mediation assists many parties in resolving disputes outside of court. In case you didn’t know, the goal of mediation is to simply settle divorce-related matters outside of court. Many divorced couples cannot agree on co-parenting or financial difficulties. Mediation…

What to Do to Prepare for Separation or Divorce in Alberta
202206.12
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What to Do to Prepare for Separation or Divorce in Alberta

Going through a separation or divorce is a difficult process. It can cause significant psychological and financial burdens for you and your family. Thus, making sure you are emotionally and legally prepared for a divorce can help lessen the emotional pain and guarantee that your rights are respected. Preparation is essential if you believe your…

Practical Financial Planning Tips for after the Divorce
202204.18
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Practical Financial Planning Tips for after the Divorce

Most of us intend to coast in our golden years. If you unexpectedly find yourself divorced, you may find yourself living on less than you thought during years when you make less money. You may be required to re-enter the workplace or work for longer than anticipated. These are the reasons why financial planning is…

Managing Your Finances after Divorce If You’re Over 50
202203.28
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Managing Your Finances after Divorce If You’re Over 50

If you get divorced in your 50s, there are some financial considerations that come into play because you may be losing more when it comes to the division of savings, investments, and the overall value of your assets. When married couples divorce, their property is usually divided between them. The rules vary slightly depending on…