What Qualifies as a Support Payment?

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…

Excluded Property In Separation: How Does It Work?

Excluded property in BC can be tricky.  Generally, excluded property is property owned by one spouse prior to the relationship.  Most times, this involves a house that one person bought before they married, or began living together. However, the term “excluded property” also applies to valuable art, inheritance, or other…

Legal Fees are Tax Deductible in Certain Cases

Legal fees are tax deductible in family law cases when they result in either child or periodic spousal support.  However, only the part of your case that relates to support is tax deductible. For example, if your case involves obtaining a divorce, child custody, and child support, they only cost…

Common Mistakes in Financial Statements for BC Family Court

Financial Statements can be intimidating.  For most people, this is the first time they have to swear an affidavit.  The key thing to remember is to be honest.  If you do not know the answer to a question, say so. They other thing to remember is that a Financial Statement…