A Guide to Spousal Maintenance after Divorce

Divorce often raises many questions about what life will look like after the marriage has ended. One of the most significant concerns is financial security, particularly where one spouse has been financially dependent on the other during the marriage. From the outset, it is important to understand that a former spouse is not automatically entitled […]

Transfer of assets between spouses: What are the tax implications?

Section 9HB of the Income Tax Act provides for a roll-over of a capital gain or loss when an asset is transferred between spouses during their lifetimes. The roll-over is mandatory, and spouses do not have the option to elect out of it. The policy rationale for the roll-over is that the transferor spouse must benefit […]