Child Support

What is child support?

Many people know what child support is; it is the money you are forced to pay your ex every month.  However, there is a bit more to child support than that. Child support is financial support that is paid between the parents so the children can live a lifestyle commensurate …

Shared Parenting

What is Shared Parenting?

People often assume shared parenting is when each parent has a week on/week off rotation with the children.  However, this is not necessarily the case.  In Alberta, shared parenting is when each parent has the children between 40% and 60% of the time.  One-week rotations with the children does qualify …

Checklist

Breaking Up – CBA Checklist

The Canadian Bar Association has published a helpful checklist of money-saving tips that assists in dealing with any potential financial consequences of relationship breakdown. Recognizing that break-ups can be a difficult and emotionally turbulent time, the checklist works as a preliminary tool that: Describes how to prepare for the first …

Tax Matters

Tax Matters Toolkit: Separation & Divorce

The Canadian Bar Association has published the “Tax Matters Toolkit: Separation & Divorce” to assist separating parties understand potential tax consequences of relationship breakdown. The Toolkit notes that separation decisions, especially regarding children, property, or pensions, have tax implications and may affect parties’ future finances. To assist in becoming informed …