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…
by Michael Butterfield on January 16th, 2017
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…
