Did you know that 33% of Canadian Homeowners needed help from their parents to purchase a home? Manulife Bank published its 2021 Spring Debt Survey with the results showing that many Canadians feel homeownership is out of reach. This is especially true for Millennials and first-time home buyers. Where are they turning? To the Bank …
The Biggest Mistakes the Bank of Mom and Dad Make – and How to Avoid Them Read More »
Divorce is one of the most extreme changes that many people go through in their lives. In addition to the emotional toll — which can be substantial — a divorce brings about several practical changes that can disrupt so many established routines and expectations in people’s lives. The financial outcomes of divorce are particularly complex …
Divorce is rarely an easy process — even when the divorcing parties are generally in agreement. More often, there will be disputes and disagreements about how to fairly divide assets, and confusion over property status can make the process even more daunting. When you’re going through a divorce, you want things to go as smoothly …
Transmutation Of Property: When Separate Property Becomes Marital Property Read More »
Is your spouse hiding money or other assets during divorce proceedings? A divorce can be one of the most difficult and contentious times in a person’s life. The process is often incredibly emotional, so working through the personal dynamics is hard enough. When you add in the logistical work of equitably and honestly splitting up …
6 Signs Your Spouse Might Be Hiding Money or Other Assets During Divorce Read More »
Is it true that half of the marriages in Canada end in divorce? Since divorce data in the country stopped being published and analyzed more than a decade ago by Statistics Canada, it is impossible to know for sure. The divorce trends in the U.S. and Europe, along with alternative methods of gathering and analyzing …
What Is Marital Property? How Your Assets Are Defined in Divorce Read More »