Protecting Your Children During Divorce
We encourage all parents involved in a custody, guardianship and access case to read this excellent article from the American Academy of Matrimonial Lawyers: Stepping Back From Anger: Protecting Your Children During Divorce
Tax Savings for Separated and Divorced Parties
A creative and lawful use of tax deductions for separated spouses can result in substantial savings to both parties. For example, in cases where parents have multiple children, the parties could enter into an agreement whereby each parent had primary residence of one of two children which would entitle each parent to make a claim for an equivalent to spouse tax deduction. Similarly, child care expenses can be shared by both taxpayers which can result in a greater tax savings to the parties. Click here for more information.
Big Tax Savings on Legal Fees for Collecting Support
We are delighted to report that Canada Customs now allows tax deductions for all legal fees incurred to obtain or vary child or spousal support. This represents a huge change of policy by the federal government. Please ensure you obtain a letter from your lawyer setting out what portion of legal fees incurred on your file related to the support claim. Click here for more information.
