Marriage brings together love and finances in complex ways. A marriage contract acts as your financial roadmap, defining exactly how you and your partner will handle money, property, and debts. Think of it as insurance for your relationship. You hope you’ll never need it, but you’ll be grateful it’s there if circumstances change. Key Takeaways: …
The spousal amount is a valuable tax credit meant to help taxpayers who are helping a spouse or common-law partner with little or no income. The Canadian government’s non-refundable tax credit is one way they are trying to help families handle their money better, especially when one partner can’t work as much. Claiming spousal amount …
Common-law relationships are becoming more popular in Canada. When these relationships end, there are important legal questions about spousal support. Married couples have clear legal guidelines for spousal support, but many common-law partners don’t know their rights and responsibilities. Common-law spousal support is the money that one partner may have to give to the other …
Worried about the duration of spousal support in Canada? You are not alone. As much as you need to help your interdependent ex-partner, it involves the stress of expenditure. How long spousal support lasts in Alberta depends on some factors. And this blog gives away information on how long do you have to pay spousal …
How Long Do You Have to Pay Spousal Support in Alberta? Read More »
Divorce isn’t just about untangling emotions; it’s also a financial maze. In this clash of couples, an ultimate battleground is alimony vs child support, which decides the economic future of your post-divorce life. Alimony and child support serve different purposes in a divorce. Alimony provides financial support to a lower-earning spouse, helping them maintain their …
Alimony vs Child Support: What are the Differences? Read More »
People usually want to stop paying spousal support when their ex-spouse no longer needs financial support or when they believe that they can no longer afford to make the payments. If you believe your former spouse no longer needs financial support, you request the court to modify or terminate the spousal support order. In the …
Concerned about the arrangement of your spousal support? This blog will explain how is spousal support calculated in Alberta along with relevant information. Spousal support is one of the major parts of an official divorce process. Also, it is the most complex side of a divorce and is determined by following some guidelines from the …
Spousal maintenance, alimony, or partner support – what name you call them, it is certainly one of the most concerning things among the divorced couples or the spouses who are on the verge of separating. This ultimately gives rise to the question, “Is spousal support taxable in Canada?” In this article, you will get all …
Is Spousal Support Taxable in Canada? Know the Facts! Read More »
Let’s face it—you already know that divorce is tough. You will be emotionally, financially, and mentally overwhelmed while going through all the divorce processes. Plus, alimony is difficult because there are many criteria that you need to determine—who’s the receiver or who’s the payor? So, thinking about how alimony works in Alberta? This article explains …
Alimony in Alberta Canada: Your Search for Spousal Support Read More »
