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

Could the 2019 Federal Budget Help Those Separating?
201906.17
2

Could the 2019 Federal Budget Help Those Separating?

Could the 2019 Federal Budget Help Those Separating? In the past, the Home Buyers’ Plan (HBP) has allowed first-time homebuyers to withdraw up to $25,000 from their Registered Retirement Savings Plan to purchase a home without having to pay tax on the withdrawn amount (Budget 2019 proposes to increase the HBP limit to $35,000 per…

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…

10 Financial “Must-Knows”  to Successfully Survive Your Divorce
201504.07
1

10 Financial “Must-Knows” to Successfully Survive Your Divorce

10 Financial “Must-Knows”  to Successfully Survive Your Divorce 1. Money will almost always become an issue in divorce • Many people start out thinking and believing the promise that things will always be divided evenly and straightforward • Money is sometimes used as a bargaining tool to resolve other issues 2. Gather everything you can…