This course will focus on the various tax issues that arise as a result of a divorce or separation.
At a high level the topics will include:
a) Tax treatments of support payments
b) Deductibility of various expenses related to a breakdown of a marriage or common law partnership such as:
a. Legal fees
b. Child care expenses etc.
c) Spousal attribution rules
d) Tax considerations on the division of assets on a marital breakdown
e) Estate freezes and family law
f) Principal residence exemptions
g) Division of registered plan assets
h) Non-refundable tax credit claims
i) Various important CRA views in relation to the breakdown of a marriage.
Manu Kakkar CPA, CA, TEP, MTAX
Manu has over 20 years of experience in taxation in both domestic and international, personal and corporate taxation as well as litigation support. He runs his own independent tax practice with offices in Montreal and Toronto, serving a diverse client base which includes manufacturing, retail and distribution, construction, farming, real estate, athletes and artists, across Canada and the US. His firm acts as a counsel to over 100 professional firms in Canada and USA specializing in domestic and international reorganizations and transactions. Manu is known as one of the leading experts in Section 55 of the Act and butterfly reorganizations.