Family Law and the Income Tax Act

EVENT DESCRIPTION

This newly revised course has shifted online into two, half-day, live, instructor-led sessions. We recognize that online learning a vastly different experience from an in-person seminar and our instructors have adapted the interactive sessions to include regularly scheduled breaks and digital breakout rooms for group discussions. Our goal is to make your experience more convenient as we navigate the new reality of virtual learning.

SCHEDULE

This seminar reviews the Ontario Family Law Act and the legal, financial and taxation aspects of marriage, separation and divorce. The definitions and rules applicable to family property, the matrimonial home, child and spousal support obligations and domestic contracts are examined in some detail. The income tax rules and planning opportunities are also an aspect of this seminar.

The detailed implications of income tax and marital breakdown are more fully reviewed in the Family Law and the Income Tax Act seminar. Two instructors, a tax partner with a national firm, and a family law lawyer, will present this informative full-day course.

TOPICS INCLUDE:

• Legal framework for family law (somewhat specific to Ontario)
• Definitions within the Act (spouse, separation, property, support)
• Family property - valuation, excluded property and the equalization process
• The new “Pension Splitting” rules
• Matrimonial home and the differences between married and unmarried couples
• Support obligations – child and spouse
• Domestic contracts – what can and cannot be covered in one
• The Income Tax Act and implications of separation
• Planning considerations in a corporate setting

WHO WILL BENEFIT

This seminar is ideal for those who want to understand the specific tax and legal rules related to the Income Tax Act and marital and family breakdown.

PRICING

Status: Registration open until Jun 04, 2023

LOCATION

Online

SPEAKER(S) BIO

Terry Hainsworth practised law for 42 years in London. Over the years he has taught at the University of Western Ontario's law school and the Ontario Bar Admission course. He is a frequent lecturer at continuing education programs for the Canadian Bar Association and the Law Society of Upper Canada. He is the author of several textbooks on Family Law widely used by family law lawyers throughout Canada. He now practices as a Family Law Mediator and Arbitrator.