Spousal Support and Retirement Income – Is Double Dipping Fair?
There are essentially two stages to the process of divorce in Ontario: 1) Dividing their matrimonial assets (via the “equalization” of their respective Net Family Property) 2) Calculating any spousal support obligation that […]
How Are CPP Credits Divided After Divorce?
Throughout the course of your marriage or common-law relationship, both you and your spouse will usually have made contributions to the Canada Pension Plan. So what happens to those CPP credits when you […]
HOW DOES A PENSION GET SPLIT IN A DIVORCE?
In order to understand pension splitting and divorce in Ontario, we have to start with the basics. Pensions are Considered to be Property Under the Ontario Family Law Act, a pension is considered […]
"Grey Divorces" in Canada: Some Practical Aspects
You may have heard the term “grey divorce”, referring to a divorce between couples, usually from the Baby Boomer generation, who have been married a significant number of years – sometimes 30, 40, […]
Does Retired Dad Have to Supplement Income?
In Ontario, the amount of child support that is payable by a parent will be determined by a number of established factors, with his or her income being primary among them. But in […]
Divorce and Your Pension: The Basics
When couples divorce, there are many financial and personal issues that must be untangled. Among the more complex ones, is how a spouse’s pension or pension entitlement is to be treated in the […]