This module focuses on the income tax implications of dividing family property during divorce or separation. It explores how various classes of assets—such as principal residences, RRSPs, pensions, investment accounts, and private corporations—are taxed when ownership changes hands. The module also unpacks rollover rules under Section 73 of the Income Tax Act, including when tax deferral appli...
This module focuses on the income tax implications of dividing family property during divorce or separation. It explores how various classes of assets—such as principal residences, RRSPs, pensions, investment accounts, and private corporations—are taxed when ownership changes hands. The module also unpacks rollover rules under Section 73 of the Income Tax Act, including when tax deferral applies and when it ceases. Learners will gain a deep understanding of how to preserve tax deferral, minimize triggering capital gains, and plan around complex valuation and compliance issues in the context of family law settlements.
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