Divorce and separation can be an extremely difficult and emotional time in your life. To make matters worse, these life changes can lead to unwanted financial stress. In this video, 6 various tax implications that can help you save money throughout your marital transition will be discussed. 0:40 – 1. Split Your Family Assets 2:23 – 2. Do Not Cash in RRSPs 3:55 – 3. Update the CRA with Your New Marital Status 4:39 – 4. Split Your Property Ownership 4:53 – 5. Certain Legal Fees Are Tax Deductible 5:17 – 6. Claim the Eligible Dependent Tax Credit Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video. Music: Perspectives by Incompetech Animation: Created with GoAnimate
Tax Implications of Divorce and Separation in Canada - YouTube |
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| Education | Upload TimePublished on 12 Aug 2016 |
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