Tag Archives: equalization

Equalization and Date of Marriage Deductions.

By Karman Lock on March 3, 2016

Are you curious what will happen to your wealth when your marriage comes to an end? In Ontario, you must share the equity that you and your spouse collected during your marriage upon separation. Simply put, each of you adds up the total value of all your assets, less your debt, on the date of … Continue Reading

The “Roll” of RRSP’s in Your Separation and Divorce

By Brian Galbraith on January 25, 2013

Registered Retirement Savings Plans are the main savings vehicle for many Canadians, especially those who don’t have a pension through their employment. As a result, upon separation and divorce, RRSP’s are part of the property settlement. Our guest blog this week is by Sandra Ramos, a well known financial advisor in Barrie, Ontario. She has great … Continue Reading

Separation Agreements: The Devil in the Details

By Brian Galbraith on January 22, 2013

There is a saying… "the Devil is in the Details"…. meaning details that are overlooked can cause problems later. No doubt this is true when drafting a separation agreement. Attention to detail is essential. The top ten big issues that need to be resolved are: Where will the children live? How much time with the … Continue Reading

Forensic Accountants: A Lying Spouse’s Worst Nightmare

By Brian Galbraith on August 13, 2012

Grant Webb of Bisk Education has many insights into the use of Forensic Accountants in divorce actions. Here is Grant’s blog. Thanks Grant. No one goes into a marriage expecting to end up in divorce, but sadly almost half of all U.S. marriages end that way. Some people are able to end their marriages relatively … Continue Reading

Divorce and Financial Planning

By Brian Galbraith on July 16, 2012

Sandra Ramos is a financial planner who has helped many clients who are going through a divorce make good financial decisions about their future. Sandra graciously agreed to offer a guest blog with her insights. Here it is. Following any marriage breakdown there is a time of emotional healing, but there is also a need for … Continue Reading

Forensic Accounting and Divorce

By Brian Galbraith on May 11, 2012

The role of a Forensic Accountant in a divorce is not well known. Erin Palmer offers great insights into this valuable professional who can help uncover hidden assets or income of a deceptive spouse. Here is Erin’s blog: All’s Fair in Love and War, Except in Divorce – That’s What Forensic Accountants Are For You … Continue Reading

Divorce, Matrimonial Home and Mortgages: Sage Advice And Good Options

By Brian Galbraith on April 20, 2012

Darren Robinson is a mortgage broker in Barrie. He helps many clients who are going through a divorce refinance their home and get on their feet. He has some interesting and suprising advice. Darren is with Dominion Lending in Barrie. He wrote the following excellent blog: How does separation or divorce impact my home & … Continue Reading

New Pension Legislation in Ontario Effective January 1, 2012

By Brian Galbraith on December 29, 2011

Matthew Krofchuk has written a excellent blog at Divorce Happens Blog regarding the changes to the pension division legislation in Ontario which came into affect January 1, 2012. Matthew is with Krofchick Valuation so knows his stuff. The biggest impact of the new legislation is that you can now divided Ontario pensions at source if you … Continue Reading

Double Dipping. Paying Spousal Support from Pension Income

By Brian Galbraith on May 27, 2011

When you divorce, what would you rather have – a valuable pension or a home worth the same? Or does it matter? If a pension is worth the same as the equity in the home, the property settlement is easy. One person keeps their pension and the other keeps the house. Technically, this seems like … Continue Reading

Why Is the Date of Separation Important?

By Brian Galbraith on October 28, 2010

Do you remember the day you separated? How did it happen? Was a note left or an email sent to say it’s over? Maybe a text? Maybe it was a screaming match? Maybe it was just a sad mutual realization that your marriage was over? Regardless of how it happens, the date of separation is … Continue Reading

Division and Equalization of Property in Barrie Ontario

By Brian Galbraith on August 16, 2010

The division of property after separation raises many questions: How is it divided? Do we have to sell the house? Do I have to share my pension? What about my inheritance? The uncertainty leads to many sleepless nights. Everyone fears they will end up with nothing. The classic country song by Jerry Reid comes to … Continue Reading