by Michael Butterfield on November 2nd, 2022
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…
by Michael Butterfield on January 23rd, 2017
What qualifies as a support payment, and how it is taxed, are important issues. How support payments are defined affects your income (as defined by CRA), the amount of tax deductions you are allowed, and ultimately how much income tax you pay. Each person’s case is unique, and you should…
