Darren Ladouceur with us from Sunlife Financial today! We talk about the bones of financial planning around divorce and the holidays. Budgeting is scary, we hate it but it’s a bit different during the divorce. Especially during the holidays! Darren checks in on how to help you set up a ‘spending plan’ and breaks it […]
The new year is a time to look towards the future and many people mark the occasion by making new years resolutions. If you are going through a divorce or separation the holidays were likely a very challenging time and it can be difficult to look towards the future. However, with the right attitude, you […]
What happens if your ex goes into debt after your separate? The answer may seem simple. The person who incurred the debt should pay for it. However, in certain jurisdictions it is not so straight forward. In an article in Financial Post Toronto Lawyer Adam N. Black explains how a couple in Alberta got into […]
Spousal support is one of the most contentious and complicated aspects of divorce. There are many factors that play into how much support one spouse owes the other once the divorce has been settled. In court proceedings it is often up to a judge to decide the amount and parameters for spousal support. However here […]
In part 2 of Daren Givoque and Tina Murray’s conversation with accountant Rick Evans he talks valuations, non-arms-length transactions and income tax. Not sure what these things have to do with each other? Listen in and find out!
Working out financials can be tricky when going through the divorce process. If you have been with your spouse for a while it is likely that you have shared debts, expenses and even shared bank accounts. Many couples choose to merge finances when getting married which can make things difficult when trying to navigate financials […]
Clean Break hosts Daren Givoque and Tina Murray sit down with Chartered Professional Accountant Rick Evans to talk about business valuation and how it relates to divorce. You won’t want to miss this deep dive into accounting as Rick takes some of the “what ifs” about divorce and money.
Before starting down the path of valuing your business, it is important for the client and business valuator to have a good understanding of why the business is being valued. There are many reason why you may need to determine the value of your business. Some of the more common examples of why you may […]
Getting divorced is not only extremely emotionally draining but it can also be a huge financial stress. Depending on your situation divorce proceedings can be very expensive, not to mention that fact that you no longer have another person to help pay daily living costs. If you have racked up a lot of debt while […]
Every asset you have has a different tax implication. It is very important to consider this during the equalization process when going through divorce. While things like the couple’s primary residence and TFSA are not taxable there are many other types of property that will be subject to either capital gains tax or income tax […]