Can You Turn a Bad Situation Into Good Money?
202011.10
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Can You Turn a Bad Situation Into Good Money?

PREPARE NOW! SAVE LATER! Are you going through a separation or divorce? It is critical to negotiate certain income tax return items in your separation agreement. The Eligible Dependent Amount was worth $3,747 in tax savings (refund) to an Alberta parent in 2019. The credit is available federally and, in most provinces, as well. Single…

Could the 2019 Federal Budget Help Those Separating?
201906.17
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Could the 2019 Federal Budget Help Those Separating?

Could the 2019 Federal Budget Help Those Separating? In the past, the Home Buyers’ Plan (HBP) has allowed first-time homebuyers to withdraw up to $25,000 from their Registered Retirement Savings Plan to purchase a home without having to pay tax on the withdrawn amount (Budget 2019 proposes to increase the HBP limit to $35,000 per…

Does Stampede Offer ‘The Perfect Storm’?
201906.03
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Does Stampede Offer ‘The Perfect Storm’?

Does Stampede Offer ‘The Perfect Storm’?  ” And we aren’t talking about the weather!” Calgary’s “Greatest Outdoor Show on Earth”does not always have on display the best that our city has to offer! Stampede has become the only time of year where the Alberta Liquor and Gaming Commission approves the service of alcohol beginning at…

201101.01
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Separated but living together, an oxymoron?

Many couples on the journey of separation/divorce find themselves in the unenviable position of having to continue to live together because they cannot afford two separate residences.  You might be thinking that this sounds absurd but it is reality for many couples. In today’s depressed real estate market couples often find that they simply cannot…

201010.01
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Beware of your spouse’s debts

At a recent CDFA™ conference, I learned that until a legal separation agreement is actually signed, the debts and/or decisions of your spouse post-separation may significantly and adversely affect you financially and there may actually be nothing you can do, especially in a high conflict separation. If your spouse decides to file for bankruptcy (a…