Ever wonder how the eligible dependent credit (usually referred to as ‘claiming the kid’ on the tax return), Canada child benefit and child support work after parents split? I thought I’d offer some clarity about how it goes, because there are very clear rules about all those things. There are two types of scenarios. OneContinue reading “What is Each Parent Entitled to After Separation”
Category Archives: Separation/ Divorce
Separating – The Money
I am working on a book about my experience with trying to get divorced. Last week I wrote this piece for that book, and I feel it is too important to keep it to myself until that book can be released. Please share this with anyone you know who is recently separated, or who isContinue reading “Separating – The Money”
Child Support
It’s a weighted topic and I think there’s a conversation that needs to be had about it desperately. In Newfoundland and Labrador over 2019 and 2020 only 44% of people required to pay support made those payments in full for 12 months of the year. So that’s 56% of people who are in receipt ofContinue reading “Child Support”
Tax Wise 