The new year brings changes to tax laws that will affect separating couples and their settlements. Here is a quick summary: 1. Canada Child Benefit. Maximum annual benefit of $6,400.00 per child under the age of six, and $5,400.00 per child ages 6 to 17. This benefit is tax free, and is calculated based on […]
Christmas is past us now, and the news on social media is full of articles about divorce. “World’s Most Expensive Divorce Settlements”, “Divorced women share why they’ll never marry again”, “Divorce Test – Should I Stay or Go”, and “Rate your Mate: The Divorce & Compatibility Test” are a few examples of what shows up […]
The importance of the exchange of proper financial information when determining a settlement for separating couples has been reinforced again by the Alberta Court of Appeal. In the case of Smith v. Smith, 2016 ABCA 376, the following principles were identified and emphasized: 1. “The foundation of family law rests on parties making full disclosure […]
On July 13, 2016 I will be speaking on the organization of a family law file and digital offices at the 2016 National Family Law Conference held in St. John’s, Newfoundland. My topic will assist family lawyers use technology for the benefit of their practices, and their clients. Other topics at the course include […]
Credits to the Canada Pension Plan are earned by anyone over the age of 18 who works and earns more than $3,500.00 per year. Credits are matched by your employer. Your CPP credits provide you with retirement income, and potentially disability benefits and death benefits. CPP credits are considered sharable family property under Provincial legislation. […]
