Monthly Archives: October 2019

When couples decide to end their marriages, very often the claws come out. Although lawyers advise their clients in British Columbia to disclose all their assets to their spouses in divorce situations, that isn't always what happens. It also doesn't mean that the person's former spouse will automatically get some of those hidden assets.

Disclosure usually means providing tax returns, f...

Continue reading The cost of hiding assets during a divorce

There are tax consequences associated with the end of a marriage. Some British Columbia couples are not prepared for the financial consequences after having made the decision to divorce and that may cause even more stress. According to the Canada Revenue Agency (CRA), a couple is considered to be separated if they have lived apart as a couple for at least 90 days and when separated the CRA w...

Continue reading Tax ramifications associated with divorce

Decades ago, no one ever talked about a couple splitting up. Divorce was like a bad word in the 1930s and 40s and only become somewhat acceptable socially moving into the 50s. But today, British Columbia couples who make the decision that their marriages are no longer working and choose to separate or divorce are actually celebrating their new-found freedoms with aplomb.

Divorce became...

Continue reading A new age of the happy divorce