Is Spousal Support Considered Income in Canada?
Spousal support is money paid from one spouse to the other after a divorce or separation. The federal Income Act considers spousal support taxable income in most circumstances. If you receive regular periodic spousal support payments, it ...
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Does a Prenup Protect You from Spousal Support?
A prenuptial agreement is a contract that guides how a couple will address specific matters in the event of divorce – or upon the death of one spouse. While the term prenup or prenuptial agreement ...
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Can You Have a Prenup After Marriage?
Prenuptial agreements, which are called marriage contracts or domestic contracts in Canada, are legal contracts that guide how specific terms of a divorce will be resolved in the event that the marriage does end that ...
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Why Prenups Are no Longer Just for the Wealthy
Hope for the best, but always be prepared for the worst. That’s the advice financial advisor Anju Sharma gives to clients who are going to walk down the aisle – especially as it pertains to ...
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Presto! Turning a Debt Into an Asset Through Marriage and How a Prenuptial Agreement Can Help
So when is a debt not a debt? Is it possible for a debt to be treated like it is an asset? The short answer is yes. And here is how… Whether you have an ...
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