Income Tax Issues of Separation and Divorce
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Provide reliable tax planning and compliance for clients experiencing a separation or divorce.
Michael Cadesky and Hugh Woolley provide practical guidance on the income tax rules affecting separated and divorced clients, including support payments, property division, spousal rollovers, and principal residence designations.
Course Overview
Seminar Snapshot
TAXATION OF SEPARATION & DIVORCE
CPD Certificate- Determining spousal and common-law status for tax purposes and identifying when a relationship legally ends
- Applying CRA requirements for spousal and child support payments, including deductibility, income inclusion, and registration procedures
- Structuring property transfers and rollovers to minimize immediate tax exposure and ensure compliance with subsections 73(1) and 70(6)
- Understanding principal residence designations after separation and preventing loss of exemption due to missing documentation or timing
- Managing RRSP, RRIF, and CPP division rules and recognizing when elections or transfers can be made tax-deferred
- Identifying available credits and deductions such as the eligible dependent credit, child care expenses, and Canada Child Benefit adjustments following a marital breakdown
- Providing tax services in separation matters
- Preparing returns or advising on support payment deductibility and related CRA forms (T1158, RC65, T1198, T2220)
- Assisting clients with property equalization, rollover elections, or principal residence claims
Meet Your Presenters
Michael Cadesky
Michael Cadesky is the managing partner at Cadesky Tax and a committed contributor to the tax and accounting professions since 1980, earning the title of Fellow from CPA Ontario. He is a past governor of the Canadian Tax Foundation, past chair of STEP Canada and STEP Worldwide, and past chair of the CPA Canada Tax Committee for Small and Medium-Sized Enterprises. Michael is also the co-author of 11 books on tax subjects and the author or co-author of numerous papers and articles on Canadian and international taxation.
Hugh Woolley
Hugh Woolley is an independent tax consultant who has taught income tax for over 30 years for a number of different professional organizations. Hugh has written courses for CPA Canada and over 10 papers for the B.C. Tax Conference as well as papers for the CTF's National Tax Conference and STEP Canada's National Conference. From 1990–1992 he worked at the CRA's Rulings Directorate in Ottawa writing "butterfly" tax rulings. Hugh is a past Governor of the Canadian Tax Foundation.
Trusted by CPAs and Tax Professionals across Canada
This is a first time for me as well. Your firm was recommended to by one of my friends. Great source of information.
Thank you Mike, Hugh and team! I enjoyed the practical and realistic solutions to various tax issues.
Thank you ALL for such high quality courses and answering the questions in detail! So glad I found you guys!
Thank you very much for the seminars. They are very informative and helpful.
Thank you for the wonderful presentation, materials, and handling of queries as always.
This is my first time taking the Cadesky Tax Seminars. I am learning a lot and watching archived courses too. You have done a great job. Thank you so much!
I really enjoy your seminar series. Your presentations are extremely thorough and you explain complex tax issues very clearly.
The presentations are relevant. The material is easy to follow. Worked examples are excellent. It is a great value.
