Before registering for this session, please note, it is going to be an in-person session and will be held at the Chartered Professional Accountants of Ontario office in at 130 King St. W. in Toronto. You MUST attend in person to participate, there will not be an option to join this session virtually.
Please carefully review the visitor protocols for attending an in-person session and ensure that:
- You have completed the Vaccination Status Attestation Form for CPA Ontario Visitors . You must also complete the Covid Health Assessment Form onsite upon arrival at the session.
You will need to complete the COVID Health Questionnaire for every visit.
- Please note that masks must be worn in all common areas and when social distancing is not an option (this includes in the classroom and will be a requirement for all instructors and participants).
- Our training rooms are at 50% capacity to ensure social distancing, and sessions will be capped, so enroll early to avoid disappointment.
- CPA Ontario’s landlord, Brookfield Properties, continues to operate as per WELL Health-Safety Rating protocols, public health guidance, and the Public Health Agency of Canada with respect to precautions for limiting the spread of COVID-19.
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.
- 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.