Is Spousal Support Considered Income in Canada?
Spousal support is money paid from one spouse to the other after a divorce or separation. The federal Income Act considers spousal support taxable income in most circumstances. If you receive regular periodic spousal support payments, it …
Types of Parenting Agreements in Ontario
Parental rights under Ontario law include the authority to make important decisions about your child’s care, education, religious instruction, and welfare. Amendments to the federal Divorce Act in 2021 changed long-used terminology regarding child custody …
How To Deal With The Matrimonial Home While Getting Divorce in Ontario
Ontario divorce laws have clear guidelines on how to divide property and assets in a divorce. Considering two in five marriages in Canada end in divorce, the issue of the matrimonial home comes up often …
When is a Down Payment Loan a Gift? Why Does This Matter?
Note: This situation does NOT apply to married couples. The law is different when it comes to the matrimonial home. As the real estate market continues to soar in Canada, young adults are struggling to …
Modern Marriage Contracts
What is a Modern Marriage Contract? A prenuptial or post-nuptial agreement is a legally binding contract entered into either prior to marriage or after married. These agreements can be referred to as Domestic Contracts or …