Business Valuations and Income Determinations in the Professional Practice

In a recent blog post we discussed the importance of prenuptial agreements for the small business owner, and mentioned the particular significance for those whose businesses derive their worth from their book of business, or the “goodwill” aspect of the business.  We often see these types of businesses for those in the associated medical and… Continue reading Business Valuations and Income Determinations in the Professional Practice

Shared Custody and Claiming an Amount for an Eligible Dependent

In a parenting arrangement where one party has the children in their care and control more than 60% of the time, they are considered to be the primary parent.  In such a scenario, it is the usual circumstance that the other parent must pay Child Support to the primary parent.  Under the Income Tax Act… Continue reading Shared Custody and Claiming an Amount for an Eligible Dependent

Tools to Reduce Conflict – Our Family Wizard

Sometimes conflict can’t be avoided.  However, in respect of conflict around parenting schedules, decisions, and communication, sometimes conflict can be reduced with the help of third party tools. It has become a frequent comment of the Courts that they have become overburdened with an excess of family law applications; particularly applications over matters that the… Continue reading Tools to Reduce Conflict – Our Family Wizard

Disclosure Obligations in Family Law

A cornerstone of family law cases is the requirement for full exchange of financial information between the parties. Each party must disclose all information about their financial position, including all debts, assets, company information, accounts held with third parties, and so on. Parties will not be able to work out a meaningful settlement of all… Continue reading Disclosure Obligations in Family Law