The rise of millennial prenups

It may be surprising but professionals in Canada are saying that more and more millennials are signing prenups (called marriage contracts or cohabitation agreements in by professionals in Canada) before getting married or cohabiting. According to Global News a recent U.S. study found that an increasing number of young adults are requesting prenups to cover […]

What to expect when you’re divorcing

Are you separating or divorcing and confused by what you’re feeling?   Do you wonder what’s the matter with you?  There’s actually nothing wrong with you. What you’re feeling are the natural reactions to stressful events.  You might feel pissed off, confused, worn out, afraid, sad, depressed, hopeless, guilty, frustrated… the list might be endless. These are all understandable and reasonable […]

Tax implications of divorce

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 […]