Date of Marriage: Your separation money bookend The date of marriage can seem like a distant memory, especially with divorce just over the horizon. But it will be important to keep this [...]

Separation Valuation Date: Your Bookend To Money In Separation The date of separation, also known as the valuation date, is a crucial marker in the separation and divorce process. It is essential when [...]

TFSA – you don’t become the asset co-owner automatically. If you had a TFSA before the marriage, your date of marriage deduction will increase, decreasing the value of your net family property. [...]

Home Buyers Plan Repayment in Divorce Significant changes to HBP in the March 2019 federal budget with a direct impact on separating couples. Withdraw tax-free funding from their Registered Retirement Savings Plan [...]

The RRSP factors in Divorce The Income Tax Act provides tax-free rollovers of Registered Retirement Savings Plan (RRSP) between sposues. It is the gain in these assets held by either spouse that [...]

During a separation or divorce, many issues will need settling between the parties. For some families, the RESP may be a considerable asset that also needs settling. Here’s what you should know about what happens to an RESP in the event of divorce or separation.

The Deferred Profit Saving Plan (DPSP) factor in divorce What is DPSP in Canada DPSP funds gained during the marriage are marital property. DPSP balances held prior to the marriage are [...]

LIRA rules in Separation and Divorce? Required to provide a statement showing your LIRA balance, on your date of marriage as well as your date of separation. The Income Tax Act is [...]