In that case, the parent’s information to include on the FAFSA® would be the one who provided more financial support over the previous 12 months. If that parent is married or has remarried, you would also include their spouse’s information on your FAFSA®. If your parents split the...
Generally, the court tries to divide assets and debts equally; however, they can also be used to balance one another. For example, a spouse who receives more property might also be assigned more debt. It's important to note that laws for dividing debts and assets vary by state. Some stat...
Can I share my CPP with my partner? Yes, the CPP payments you receive can be shared with a lower-income spouse or partner. They can also be split in the case of separation or divorce. If one partner was out of the workforce, or worked part time to take care of a baby or child,...
Can I Get My Pension (CPP and OAS) if I Live Outside of Canada? Before we get to discussing the best countries to retire to outside of Canada, let’s directly address the #1 financial worry for most retirees: Can I get my CPP and OAS in another country? The short answer: YES! Th...
In the absence of a will, the spouse of a deceased individual will get half of the inheritance, whereas the other half will be equally given to their children. If the deceased individual has no children, his inheritance will be given to his parents or split between the deceased’s siblings...
There are also the obligations of annual meetings and filing obligations with the CRA. With such a small business, the limited liability you experience may also be thinner than you think. One clear advantage of a corporation is dividend sprinkling. Here, each spouse can split the dividends ...
June 15, 2024: Deadline to file your taxes if you or your spouse or common-law partner are self-employed. Although that's a Saturday, so you actually have until the next business day, June 17, 2024. Payment date for 2023 taxes
In every province except Quebec, which has its own Quebec Pension Plan (QPP), the CPP taxes wages in a manner that is split between the employer and the employee, although the net effect is to reduce employee wages by the combined taxable amount. Taxes on wagesbegin at age 18 and end a...
With software selected and up and running, the final step is to keep communication open and ongoing. Schedule a “money date” once a week to check in and re-evaluate your goals. Talking about finances regularly will keep you and your spouse on the same page and motivated to meet your go...
need such a contract. The main exception is if one spouse or both expect to receive a large inheritance or a distribution from a familytrust. Most attorneys say prenups are essential for couples with significant assets of their own or a large potentialestateinheritance entering into a marriage....