Ottawa, March 6, 2023 – The Canadian Bar Association releases updated versions of its Tax Matters Toolkits, which are designed to help family law lawyers and their clients understand how tax rules might affect future finances on separation or divorce.
The toolkits explain the various credits, benefits and deductions, and can help lawyers navigate and apply the often-complex tax laws to the particular circumstances of their clients. A version of the toolkit meant for clients will give them information on how to keep paperwork and fill tax forms and when to get advice.
The toolkits are an initiative of the CBA Family Law Section. They were first launched in 2014 and last revised in 2018. These new versions include up to date links and the latest reference documents.
Quick facts
- The toolkits are available for free on the Canadian Bar Association website.
- The CBA Family Law Section has collaborated with Justice Canada, the Canada Revenue Agency and Finance Canada to develop the Tax Matters Toolkits.
- While the toolkits cannot answer specific questions for every person’s situation, they give more information on how tax rules apply in cases of separation or divorce, including information on spousal and child supports, benefits, credits and pensions.
Quote
“Separation and divorce result in many tax implications impacting children, spousal support, property, pensions, investments, and legal fees and navigating through tax laws can be complex and challenging. We are hoping that these toolkits can help inform family law lawyers and their clients so that clients can make informed decisions as they resolve their matters and there are no tax surprises later.”
- Keri-Lynn Power, executive member of the CBA’s Family Law Section and Chair of the CBA-Newfoundland and Labrador Family Law Section
Links
Tax Matters Toolkits
CBA’s Family Law Section
About the Canadian Bar Association
The CBA is dedicated to support the rule of law and improvement in the law and the administration of justice. Some 37,000 lawyers, notaries in Quebec, law teachers and law students from across Canada are members.
For more information, contact:
Vanessa Racine
Manager, Media Relations and Public Affairs
613-237-2925 x153
vanessar@cba.org