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
1

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….

Charitable Giving More Important Than Ever
202011.16
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Charitable Giving More Important Than Ever

Charitable Giving More Important Than Ever Charitable giving is one way that taxpayers can support a cause or organization close to their heart. In 2020, during a time of COVID, ton here are more worthy causes than ever before and fewer people able to contribute. It has been a difficult year for so many. As…

Can You Turn a Bad Situation Into Good Money?
202011.10
0

Can You Turn a Bad Situation Into Good Money?

PREPARE NOW! SAVE LATER! Are you going through a separation or divorce? It is critical to negotiate certain income tax return items in your separation agreement. The Eligible Dependent Amount was worth $3,747 in tax savings (refund) to an Alberta parent in 2019. The credit is available federally and, in most provinces, as well. Single…

The Road to Successful Spousal Support Negotiations
201807.27
1

The Road to Successful Spousal Support Negotiations

The Road to Successful Spousal Support Negotiations Most lawyers would agree that spousal support is the most contentious issue in divorce negotiations. The Spousal Support Advisory Guidelines (SSAG) developed in 2005, have gone a long way toward paving the road to more consistent and predictable support awards. Though I am not lawyer and cannot quote…