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…
CPP or Canada Pension Plan is the accumulation of credits, dependent on a taxpayer’s annual earnings. It is a taxable pension benefit that you can receive beginning as early as age 60 (though you choose when to begin receiving CPP), or as late as 70. The amount you receive each month is based on your…
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up to $25,000 from their Registered Retirement Savings Plan to purchase a home without having to pay tax on the withdrawn amount (Budget 2019 proposes to increase the HBP limit to $35,000 per…
Does Stampede Offer ‘The Perfect Storm’? ” And we aren’t talking about the weather!” Calgary’s “Greatest Outdoor Show on Earth”does not always have on display the best that our city has to offer! Stampede has become the only time of year where the Alberta Liquor and Gaming Commission approves the service of alcohol beginning at…
6 Things Getting Divorced Taught Me About Money with Tasha on for The Financial Diet. You may think that divorce is a 50/50 split of assets and debts but you’d be terribly wrong. You can be left dealing with the financial outcomes of divorce for years. Get good advice pn financial matter including taxes before…
CPP Credit Split Is Timing Critical for a CPP Credit Split? Does it Really Matter When You Apply?
A Tribute To The Counselor Who Saved My Life Linda Simpson: writer, poet, guidance education advocate, loving Mum and Gramma
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…
Is There a Secret to Living on Your Own After Divorce? After dealing with the settlement and the separation agreement, many people’s biggest fear is living alone after divorce. Many people jump right into new relationships without working on gaining their independence back. Depending on the circumstances of the separation or how long your relationship…
Don’t Go Solo! Many people ask me this question: Can I bring a relative or friend along with me when I meet my lawyer? ABSOLUTELY! (Obviously you should first check with your lawyer but there shouldn’t ever be an issue). In fact, you shouldn’t go meet with your lawyer without bringing someone along. Divorce is…
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