Fri, Feb 12, 2021

The Tax Principles of Family Law 2021

The Tax Principles of Family Law is an annual publication issued by Duff & Phelps’ Family Law Litigation Support team to assist family law lawyers across Canada in their daily practice.

Our Family Law Litigation Support team has specialized in this area for over 30 years and written and lectured extensively to legal professionals across Canada. The 2021 edition is now available and provides a concise summary of the relevant income tax rules, definitions and rates as of January 1, 2021. If you have questions or would like to discuss specific business valuation, income tax or any financial aspect of a family law matter, please contact us.

This comprehensive guide covers:

  • Support payments

  • Spousal support

  • Child support

  • Lump sums

  • Arrears

  • Third-party payments

  • Amounts paid prior to an order or written agreement (“prior period payments”)

  • Non-resident spouses

  • Transfers of property

  • Registered retirement income fund (RRIF)

  • Income attribution

  • Unanticipated joint and several tax liabilities

  • Legal and accounting fees

  • Potpourri

  • Registered education savings plans (RESPs)

  • Relevant corporate tax issues

  • Spouse and common law partner

  • Personal tax credits and deductions

  • Child care expenses

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