Advertisement
Learn who makes support payments after a divorce or break-up and how the terms of support payments are decided.
A support payment is an amount of money payable on a recurring basis to either a current or former spouse or common-law partner. The payment is treated as an allowance intended to support the recipient, the recipient’s child or both. The recipient can use a support payment as they see fit.
In Canada, there are two types of support payments, each with its own tax rules.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Before taking out a loan, learn the differences between these two types, which has better interest rates, and which...
It’s a first among bank-owned discount brokers in Canada. With more banks likely to follow RBC's lead, what should...
Which ETFs should you invest in? Which ones best suit your risk tolerance? What about personal ethics? Check out...
Canada bank earnings remain on target, Dollarama’s expectations catch up to it, “insider selling” sets a new record, and...
Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...
Allison resold her Eras Tour tickets instead of going to the concert. The resale website asked for her SIN,...
Back into the tariff hurricane, Couche-Tard pumps profits, Macy’s loses $130 million, and is there too much optimism about...
Has a client ever gone silent or even hung up on you when discussing their portfolio or taxes? It...
