Catherine Hyde, Paralegal
It’s tax time and hopefully you have filed your tax return. You obtained copies of your T4s, T5s, receipts for medical or children’s expenses, business or rental income information. You provided these to your accountant or perhaps prepared your own tax return, and once done, received the Notice of Assessment confirming that
Catherine Hyde, Paralegal
In recent years there has been an increase in separation of couples in the 55+ category. It seems once the children have left and you start to notice an increase in the people you know in the obituaries, you ask yourself- is this all there is? Thoughts of separation seep in. Before
Catherine Hyde, Paralegal
On May 2, 2015, the Family Law Rules changed to provide for additional requirements for financial disclosure, whether for a property claim or a support claim. The Rules now provide that unless the court orders otherwise, specific items of disclosure as set out in the Rules, be attached to a new
Many people are surprised by the high cost of legal services when they go through separation and divorce. It is not unusual to spend tens of thousands of dollars to have issues resolved even in an “amicable divorce”. Here are some of the reasons.
First, in most cases, people have many issues to resolve:
1)
Often in Family Law proceedings clients feel bogged down by requests to produce documents. Clients have at times expressed to me a dissatisfaction with having to produce bank statements for past years, attachments from income tax returns, documents that are not easily obtainable or papers that may have existed in the past but may take
The first step to complete in your financial statement relates to your income. Your income is important in order to determine the amount of child support you will pay in accordance with the Federal Child Support Guidelines.
Determining what your income is is usually fairly straight forward if you are a T4 employee. You state
The law clerks at Barriston have focused on the various sections of a Financial Statement. Part 4(b) identifies household contents, vehicles and other items.
Just as a quick refresher: remember that your Financial Statement is a snapshot of your financial situation. Only include an asset that you are the registered owner of. For example, it
The Business Interests section of a Financial Statement is often what I call a “work-in-progress”.
In today’s economy, it is common that a spouse will be self-employed, working for his or her own sole proprietorship or a partnership. This partnership can be with the other spouse or a third party.
Also, on the advice of
It seems there are as many types of insurance as there are insurance companies or agents. The industry has created a variety of products designed to fill a variety of purposes, including coverage for debts, illness, injury or disability as well as life insurance.
There are two basic types of life insurance – term and
Well not quite, but Part 2 Expenses of the Financial Statement relates to your monthly expenses, which essentially deal with all the money going out each month. Something none of us likes to think about and until you write it down, you often do not realize just what it is you are spending monthly. This