Family Law
Tax Implications upon
Marriage Breakdown
Taxes are unavoidable, and issues can arise unexpectedly in the context of family law litigation. Periodic spousal support is taxed, but lump sum spousal support settlements are not. If you are disposing of shares to pay out a spouse, it will likely trigger tax consequences. RRSPs are not worth the same as many other assets because tax will have to be paid on them, but you are able to roll them over into the other party’s RRSP accounts without having to pay taxes.
Taxes can arise in many different and unexpected areas, and it is important to have a trained lawyer who can spot issues and can either provide you with the appropriate information or know where to get it. At Lindsay Kenney, we do.
Contact an LK Law lawyer today for assistance with tax implications resulting from a marriage dissolution.
Tax Implications and Divorce Lawyers
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
Blog
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.