Income Tax and Spousal Support

Income Tax and Spousal Support

Tax and spousal support is often overlooked when couples separate. This is important, as it is one of the few areas where a family can benefit from a tax reduction. Who doesn’t want to pay fewer taxes? Generally speaking, spousal support is tax-deductible for the payor and taxable for the…

Retirement & Support Payments

Retirement & Support Payments

What To Do with Retirement and Support Payments:  Is Voluntary Retirement a Material Change? It is not so easy to just decide to retire, when you have to pay child support and/or spousal support after divorce in BC. It is unwise to unilaterally cancel or reduce support payments.  However, retirement…