Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This seminar reviews the Ontario Family Law Act and the legal, financial and taxation aspects of marriage, separation and divorce, and those same aspects for “Common Law” couples. The definitions and rules applicable to property, including the matrimonial home, pensions, corporate property child and spousal support obligations are examined in some detail. Selected Income Tax planning opportunities are also an aspect of this seminar.
Presented by two instructors a tax partner and a family law lawyer the course focuses on the sometimes surprising financial aspects of a relationship breakdown as well as the importance of certain planning that can take place prior to the breakdown.
Note: The detailed implications of the Income Tax Act and marital breakdown are not fully reviewed in this course.
TOPICS INCLUDE:
- Legal framework for family law in Ontario
- Definitions within the Act (spouse, separation, property, support)
- Family property - valuation, excluded property and the equalization process
- The special treatment of gifts and inheritances
- Property division for common law couples and the joint family venture
- The “Pension Splitting” rules
- The special treatment of Matrimonial homes for married couples
- Support obligations – child and spouse
- Domestic contracts – what can and cannot be covered in one
- The Income Tax Act and implications of separation
- Helping out your children when they plan to buy a residence
- Estate planning aspects
- The importance of record keeping
- Recent Family Law cases of interest.
Schedule
- December 4, 2024, 8:30 a.m. - 12:30 p.m.
- December 5, 2024, 8:30 a.m. - 12:30 p.m.
Who Will Benefit
Professionals who advise individuals residing in Ontario and need to understand the implications of both Income Tax and Family Law in their planning.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Terry Hainsworth practiced law for 42 years in London. Over the years he has taught at the University of Western Ontario's law school and the Ontario Bar Admission course. He is a frequent lecturer at continuing education programs for the Canadian Bar Association and the Law Society of Upper Canada. He is the author of several textbooks on Family Law widely used by family law lawyers throughout Canada. He now practices as a Family Law Mediator and Arbitrator.
Douglas Plummer, CPA, CA is a Tax partner with BDO in London Ontario. Doug has over 30 years of public practice tax experience; working in several offices that tend to focus on owner managed enterprises. Along with his ongoing income tax specialization, he is also involved in commodity tax issues, estate planning, and family law matters. Doug has also taught tax courses at the University level, and has presented a number of courses for CPA Ontario, at the School of Accountancy, as well as for all three predecessor bodies over the past 25 years.