Tag: divorce & separation

COVID19 Resources – Personal & Business (Updated 5/21/2020)

General Information: (Updated 5/21/2020) **Expanded criteria for CEBA – to allow Sole Props to claim** Most updated interactive guide to programs available: https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry General info on benefits with all relevant links for even more info!  https://newsinteractives.cbc.ca/coronavirusbenefits/ General Links:…

9 Tax Tips for Single Parents

Raising a child on your own is a big job! Managing a family is a lot of work, so when it comes to your tax bill, there’s a few ways the Canada Revenue Agency (CRA) helps out with expenses. We know it takes a…

The high tax cost of divorce & separation

The financial effects of splitting up are bad enough. Wait until tax enters the picture. There are 71,000 divorces in Canada each year, and more than 40% of marriages end in divorce. That’s less than the U.S. divorce rate of 46%. (The Swedes, meanwhile,…