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Courses/Tax/Personal Tax *

2024 Tax Consequences of a Separation or Divorce

Understanding the Financial Implications of Separation

Created bySharon Numerow
4.6
(92 reviews)
BeginnerUpdated Feb 9, 2024
2024 Tax Consequences of a Separation or Divorce

What You'll Learn

check_circleComprehend Tax Implications: Understand how marital status and separation impact federal and provincial tax rates and how to navigate changes effectively.
check_circleOptimize Tax Deductions and Credits: Learn to identify and maximize eligible tax deductions and credits related to spousal support, child care expenses, and legal fees.
check_circleGrasp Child Custody Tax Benefits: Gain insights into the tax benefits and obligations associated with different child custody arrangements and child benefits
check_circle. Plan Financially Post-Divorce: Equip participants with the knowledge to make informed financial decisions post-divorce, including understanding first-time home buyer opportunities and managing the Canada Child Benefit.

About This Course

This in-depth course offers a thorough exploration of the intricate relationship between divorce proceedings and tax regulations. Participants will gain insights into the tax implications of separation, child custody, and spousal support. The course will provide a clear understanding of tax deductions, credits, and benefits related to divorce, enabling individuals to navigate the financial complexities of divorce with confidence.

Topics List:

  • Tax Implications of Marital Status and Separation
  • Child Custody and Tax Benefits
  • Understanding and Maximizing Tax Deductions in Divorce
  • Navigating Tax Credits: Eligible Dependent and Child Benefits
  • Legal Considerations: Spousal Support and Legal Fees
  • First-Time Home Buyer's Opportunities Post-Divorce
  • Canada Child Benefit and its Implications in Shared Custody

Your Instructor

Sharon Numerow
Sharon Numerow
menu_book1 courses
star92 reviews

Sharon is a Certified Divorce Financial Analyst™ and the founder and owner of Alberta Divorce Finances in Calgary. She is a trained divorce mediator and the proprietor of a personal income tax return preparation business, Calgary's Choice Tax Services preparing over 400 returns annually. Sharon has a deep and personal understanding of the financial implications of divorce. Her education, experience and compassion assists clients in understanding all areas of the impending changes that divorce will have on their financial future. Sharon has worked with clients and lawyers for more than 15 years consulting on divorce finances. Sharon is passionate about maximizing her clients’ tax savings and takes pride in educating her clients. Sharon’s team offers support and guidance to sole proprietors, clients with rental properties, divorcing clients, CRA requests, Notices of Objection, bookkeeping services, GST returns and more. Sharon has twice been featured in the Calgary Herald and in Readers Digest and Money Sense Magazine and as a guest on the CORUS Radio network, ‘More Than Money Radio Show’. She has toured Canada with Wolters Kluwer CCH delivering specialized tax seminars to accountants and financial professionals. Sharon has also spoken at the Canadian Bar Association, Calgary Chapter, Family Law Section on ‘Understanding Income Tax – Getting It Right For Divorcing Clients!’ Sharon has also appeared in the Court of King’s Bench as an expert on income tax deductions, credits and benefits. When Sharon isn't working with clients, she is spending time cooking, travelling, playing soccer and enjoying time with family and is looking forward to becoming a grandmother in a few short weeks.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6
Student's Choice
92 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.