Co-parenting is a challenging journey but one that can be nurtured with communication, trust, and honesty. As a co-parent, you will go through many emotions and adjustments but the ever-present desire of doing what’s best for your child trumps everything. In Ontario, where diverse cultures intersect and family dynamics can be complex, the challenge becomes …
In Canada, spousal support payments have distinct tax treatments for the payer and the recipient. For the individual paying spousal support, these payments are tax-deductible. This means that the payer can deduct the amount of spousal support from their taxable income, potentially lowering their tax burden. On the other hand, the recipient of spousal support …
For business owners stepping into matrimony, safeguarding their life’s work becomes not just an emotional commitment but a financial imperative. As business assets can become entangled in marital disputes, understanding how to protect your enterprise is not just smart—it’s essential for its long-term viability. This blog aims to provide valuable insights into why prenuptial agreements …
Prenuptial Agreements for Business Owners: What You Need to Know Read More »
When a marriage or common-law relationship ends, the financial implications can be overwhelming. Among the various financial considerations—from property division to child support—one issue frequently stands out as particularly contentious: alimony, or as it’s formally known in Ontario, spousal support. In this blog, we offer you a brief overview on the different types of alimony, …
Understanding Alimony: Types, Calculations, and Modifications Read More »
As tradition gives way to modernity, there’s been a marked increase in couples choosing to live together outside the formal bond of marriage. Whether driven by personal preference, financial considerations, or a desire to test the waters before taking marital vows, cohabitation has become an integral aspect of contemporary relationships. With this growing trend, it’s …
As our society has shifted and changed, more and more people are embracing common-law relationships. While embodying many of the commitments of a legally recognized marriage, a common-law relationship carries with it a distinct set of legalities, especially when it pertains to financial and asset considerations. As couples in common-law relationships build lives together, intertwining …
How Does Division Of Property Work When You’re Common Law? Read More »
Spousal support, often called alimony, is undoubtedly one of the more delicate issues couples face during the challenging journey of separation and divorce. It embodies both financial and emotional dimensions, making it a topic of concern and frequent discussion. The duration and amount of support often hinge on factors such as the length of the …
Family matters, especially after a breakup or separation, can be tough and confusing. One big question many people face in Ontario is the difference between child support and spousal support. Simply put, while both deal with money, they are for different purposes and have different rules. Imagine you’re sorting out two puzzle pieces that at …
What’s The Difference Between Child Support And Spousal Support In Ontario? Read More »
When it comes to protecting personal and financial interests in a relationship, legal agreements are a wise choice. While both prenuptial agreements and cohabitation agreements serve this purpose, they apply to different types of relationships and can cover different issues. Continue reading to understand the difference between the two. Prenuptial Agreements: Protection for the Married …
Prenuptial Agreements vs Cohabitation Agreements: Understanding the Differences Read More »
In the general sense, a common-law partnership in Canada is defined as two people who live together in a conjugal relationship for at least one year. For those of us living in a common-law partnership or considering taking the leap, understanding the legal implications may seem like an overwhelming, even daunting task. But rest assured, …
What Are The Legal Rights of Common-Law Partners in Canada? Read More »
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