So, you got engaged over the holidays. Here’s what to think of next.
If you are one of the many people who got engaged over the holidays, a new year brings with it new beginnings – but are you prepared for the financial responsibility to your partner? Family Law lawyer Marta Siemiarczuk explains some of the things you should think about when preparing a marriage contract.
What is “income for support purposes”?
When it comes to child support and spousal support after separation, determining each spouse’s income for support purposes is the first step. Although this may sound straightforward at first (I mean, we all file our annual taxes, right?), it can involve quite a detailed examination of each spouse’s sources of income. In a nutshell, “income… Read more »
How to Protect your Inheritance from Separation or Divorce
If you have received an inheritance from a loved one, chances are it was intended for you personally, and not your spouse. However, if you are not careful with what you do with the inheritance you could be required to share it with your spouse if you separate or divorce. Receiving an inheritance while married… Read more »
How Changes to American Tax Law Can Affect Canadian Spousal Support Payments
In late 2017, the US Congress passed the Tax Cuts and Jobs Act. While some aspects of the bill, such as the reduction in corporate income tax, received wide-spread press coverage, other aspects did not, such as the change to how spousal support (called alimony in the US) is taxed, and how this impacts the… Read more »
Does child support end when a child turns 18?
Not necessarily. Child support is based on a child’s level of dependency, not just their age. In many cases, a child’s entitlement to support will extend for several years after they reach the age of majority. Who is a “child” for child support purposes? Two pieces of legislation govern child support in Ontario: the Family… Read more »
Retroactive child support after age 18
I’m 18 and my dad never paid child support. I was wondering if I can sue him for the money? The payment of child support is one of the most common areas of contention arising from the breakdown of a marriage or familial unit. In Ontario, child support is governed by a combination of the… Read more »