Below are just a few tax considerations for child and spousal support. During court proceedings, it is very easy to make agreements without realizing the impact on taxation. Lawyers should always advise their clients before proceeding to negotiate the quantum and method of paying child support and spousal support. Child support is not deductible to […]
Read MoreUnder family law, the general definition of a common-law partner is that the parties have to cohabit for 3 years or have a child together and be in a relationship of some permanence. This definition is very important for the purpose of determining spousal support rights and obligations. The Income Tax Act has a different definition […]
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