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Courses/Tax/Personal Tax *

Tax Consequences of a Separation or Divorce

Join Sharon Numerow (Alberta Divorce Finances Ltd.) for a practical high level overview of some special topics that become relevant upon separation.

Created bySharon Numerow, CDFA, CTP
4.4
(512 reviews)
BeginnerUpdated Nov 7, 2022
Tax Consequences of a Separation or Divorce

What You'll Learn

check_circleDefinition of a spouse and a common-law partner for tax purposes
check_circleSpousal amount
check_circleEligible Dependant
check_circleChild Support
check_circleCanada Child Benefit (CCB)
check_circleDisability Tax Credit Transfer
check_circleRESP
check_circleMedical Expenses
check_circleTuition Transfer
check_circleCapital Gains Exemption
check_circleSpousal attribution rules
check_circleSpousal rollover
check_circleButterfly Transactions
check_circleFinding the right plan for the division
check_circleDeductions

About This Course

Separation or Divorce is among the most financially challenging events of one’s life and requires a lot of planning, discussions, and careful consideration.

While it’s a stressful situation, you have to carefully consider tax consequences and deeply understand the terms of the separation or divorce.

What’s involved? When one is really separated (highlighting the differences between family law and taxation)? How to better support your client?

Eligible Dependant, CCB, Disability Tax Credit, Capital Gains, Butterfly Transactions, and more topics will be discussed in this course with Certified Divorce Financial Analyst and Certified Tax Practitioner, Sharon Numerow.

Your Instructors

Sharon Numerow, CDFA, CTP
Sharon Numerow, CDFA, CTP

Owner, Alberta Divorce Finances Ltd and Calgary’s Choice Tax Services

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star579 reviews

Sharon Numerow is a certified tax professional who has been preparing returns and educating her clients for more than 20 years. Sharon and her team prepare over 400 returns annually. Calgary’s Choice Tax Services focuses solely on the preparation of personal income tax returns. 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 twice 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 Queen’s Bench as an expert on income tax deductions, credits and benefits. 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. 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 10 years consulting on divorce finances.

Rana Ghose
Rana Ghose

Director, REProduce Artists

Rana Ghose is a curator, economist, writer, and filmmaker. He steers REProduce Artists, a collective of artists, organizers, and content creators that produce interventions in non-traditional spaces, engaging with music and video in modular, sequential plays – all taking advantage of the aesthetics of spaces as varied as former mills, bakeries, and hotels while producing them into five hour embedded experiences. His doctoral research was on risk construction in a regulatory context and the underlying dynamics of how we explore uncertainty with regard to new technologies. The theoretical framework of this research underpins his explorations within live music presentation models and how patronage and sponsorship interact within the uncertainty that pop culture engineering presents. His current focus is building and managing REProduce Live, a live streaming platform inspired by the signature event series he oversees, REProduce Listening Room. He is currently based between New Delhi, India, and Halifax, Canada.

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

4.4
Student's Choice
512 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.