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Are Pension Contributions Deductible from Guideline Income?
Total income, found at line 15000 of a tax return, is generally the starting point for determining a payor’s Guideline income, which is used to set support obligations. Under certain conditions, courts have allowed a payor’s pension contributions to be deducted from Guideline income. However, the recent case of Florkowski v Florkowski, 2024 BCSC 1429, calls this practice into question based on…
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Can a Cohabitation Agreement or Prenuptial Agreement be Set Aside?
What is the purpose of a cohabitation or prenuptial agreement? Couples may choose to enter into a cohabitation or prenuptial agreement for a variety of reasons. Some of the most common reasons include To protect assets and property that either party brings into the relationship or acquires during the relationship, especially in situations where one…
