Tax Implications of Divorce and Separation Canada

This video contains tax tips regarding the tax Implications of divorce and separation in Canada:

- Tax tip #1 -- Factor in the after tax cost of the assets when splitting them up upon separation or divorce

- Tax Tip # 2 -- Do not cash in RRSPs when subdividing assets

- Tax Tip # 3 -- Update the Canada Revenue Agency on your single status

- Tax tip # 4 -- Split the ownership of multiple properties

- Tax Tip # 5 -- Understand which of the legal fees are tax deductible

- Tax Tip # 6 -- Structure the separation agreement to split the eligible dependent tax credit

About the Author -- Allan Madan -- Accountant Mississauga Oakville

Allan Madan is a Chartered Accountant and a Tax Expert in the Toronto, Oakville and Mississauga regions of Ontario, Canada.

If you found this article useful, Allan Madan encourages you to visit his website http://madanca.com for additional tax tips and more information on this topic.

Also, get access to Allan Madan's Free Report, "20 Tax Secrets on How to Beat the Tax Man," http://www.siteproweb.com/20-free-tax-secrets-from-allan-madan

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Education

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• Tax implications of divorce
• tax implications of seperation
• Allan Madan
• Accountant Mississauga
• Accountant Oakville
• Accountant Toronto