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For couples that have recently separated it takes a while before the dust settles and both parties go about their own business. Then tax time arrives and who gets to claim what starts upsetting what was becoming an amicable agreement. One of the big issues is money that may have been made to the…
It has been generally said that taxes is not a topic of conversation that most people want to get into, yet on occasion it does happen. This is when the confusion about how our tax system relates to the individual can really set in. For example, one individual who is paying child support states…
If you are required to make support payments it is important that you understand how these fit into your tax obligations. It is always difficult when going through a separation to determine how this may now have an effect on your taxes. First, there are two types of support payments. There is the type…
Being divorced, separated, married or living common law all has a direct effect on your tax obligations. There are so many rules and regulations and explanations that apply to each of these situations that the CRA has actually created a guide for assistance for those that receive or pay support payments under a court order.…
If you are in the situation where you are either receiving spousal payments or making them you may not know what your tax obligations are when it comes to Canada tax. Your circumstances will determine what this is. If you have not made any written agreement or are not making payments because of a court order…
