Taking Control of Your Finances

Taking Control of Your Finances 1

DIVORCE: Debt, Money and Finances Financial Responsibility Some spouses think that they are doing their ex-partner a great favour by continuing to manage the finances, or by paying a mortgage or debts. Some spouses even allow this to happen. This is not the way it works with financial control and responsibility. You are separating. Your spouse […]

Money Tips: How to Manage Money on Your Own?

Money Tips: How to Manage Money on Your Own? 3

The Money Smart Divorce Solution Legal, Binding & Enforceable Separation Agreements DIVORCE MONEY TIPS 5 Money Tips: How Your finances after Divorce Starting a new life after divorce is challenging! One of the most daunting hurdles is learning how to manage the money on your own. You may come out of your relationship having never […]

5 Tips for Spending as Little As Possible Little on Your Divorce

Pension Valuations and Divorce

The Money Smart Divorce Solution Legal, Binding & Enforceable Separation Agreements Divorce Tips 5 Divorce Tips for Spending as Little as Possible on Your Divorce According to a recent survey of Canadian Lawyers, the average cost of a litigated Separation Agreement in Canada is approaching $27,000! That is without even reaching a trial, which could […]

Tax Smart and Money Savvy Divorces

stay at home mom

In divorce, the real value of a settlement is not what you get in the agreement, but what’s left over after you pay Revenue Canada their share. Its hard to think taxes when the emotions are running high, but smart divorcing spouses really must consider the wide range of financial implications and tax planning issues […]

Divorce and Tax Implications

Dividing Assets

When you’re in the middle of your separation process you’re probably not thinking about your taxes, but you really should be. There are a number of tax implications that will arise coming out of your divorce, and it is important to be aware of them while you are creating your separation agreement. Here is a […]

Gail’s Guide to Taxes and Divorce

During and following a divorce, your tax situation changes significantly. Here are a few of our most commonly asked “divorce and taxes” questions:   How can divorce affect my taxes? There are real consequences attached to the transfer of assets between spouses when they get divorced. Not all assets are created equally, and you need to be […]

The Canada Revenue Agency and Divorce

The Canada Revenue Agency and Divorce 7

During and following a divorce, your tax situation changes significantly. Here are a few of our most commonly asked “Divorce and Canada Revenue Agency” questions: When does Revenue Canada consider you separated? Separated for family law purposes is different than separated for Canada Revenue Agency (“CRA”) purposes.  For family law, you are separated when you […]

Tax Implications of an Asset Split

Divorce is complex and confusing, especially when it comes to your money. After all, for most people divorce is less about the legalities and more about your children, the tax implications, and making smart money decisions. Even something that seems as simple as splitting assets can lead to unwanted financial headaches. It may seem all […]

The “How To” of Value Assets

Valuing Assets

Valuing assets is not always easy or obvious. During the divore and separation process, you will need to value these items in order to properly divide your assets. Here are the top-5 most commonly asked questions about valuing assets. Valuing Assets: The Matrimonial Home There are normally two options for valuing assets like the matrimonial […]

What is a CDFA?

Family Mediation and Divorce Court Costs

Imagine heading out for a night of dancing in your rain boots. Awkward. How about trying to shovel two feet of snow in stiletto heels. Ridiculous! And yet, every day, people ask their divorce lawyers to be their financial guides. It’s the wrong shoe and it just doesn’t fit. Let me introduce you to the […]