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This blog post aims to demystify the process and explore what both spouses can expect in a Canadian divorce. We’ll delve into the principles of property division, potential spousal support arrangements, and considerations for child custody and support (if applicable).
Our Births, Marriages and Deaths Recorded in Canada database is an index to a few collections held at Library and Archives Canada that include some references to marriages. Be sure to read the database section called The records, to find out what records are included in that database.
We've put together examples of what I consider fair divorce settlements. These are examples based on income, length of marriage, and earning potential.
- Will I Get Economic Support?
- What About Our Property?
- How Does Divorce Or Separation Affect Canada Pension Plan (CPP) Contributions?
- For More Information
In some cases, the law requires a person to pay spousal supportto their former spouse. This can apply if you were legally married, in a common-law relationship with children, or in a common-law relationship for at least 3 years without children. You are entitled to child supportif your children live with you. The person who pays is called the "payo...
If you were married, you or your spouse may have to make an equalization payment to the other. This calculation can be difficult to do on your own and there are different rules and exceptions. If you were common-law married, you do not automatically have this right. Generally, each spouse gets to keep whatever assets are in their own name but there...
CPP creditsthat you and your spouse earned while together can be added up and split between you. This is called credit splitting. This applies to married and common-law couples. For more information, read Separation and Divorce or Death of a Spouse: Property Division [PDF].
- Gordon Lightfoot and Brita Ingegerd Olaisson: In 1973, when Lightfoot and Olaisson called it quits after 10 years of marriage, she was awarded what was once considered the largest divorce settlement in Canadian history—$4,500 a month, which, in today’s dollars, works out to close to $290,000 a year.
- Jack Kent Cooke and Barbara Jean Carnegie: Born in Hamilton in 1912, the former owner of the Wash- ington Redskins, L.A. Lakers and the L.A. Kings was married five times to four different women.
- James Cameron and Linda Hamilton: Cameron has had enough divorces to fill his own list. He’s been married five times, four ending in divorce. However, it was his fourth marriage, to Terminator actress Linda Hamilton, that ended up hitting his pocket- book hardest.
- Chuck Fipke and Marlene Fipke: After prospecting for diamonds for eight years in the Northwest Territories, Fipke discovered one of the largest diamond concentrations in the world at Lac de Gras.
Jan 5, 2024 · 12 things people forget to address in their divorce agreements. 1. Retirement accounts. Possible legal implications: If you don’t establish how your retirement funds will be divided post-divorce, you could face taxes or penalties, or you could end up forfeiting what’s rightfully yours.
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Oct 31, 2023 · A wife is entitled to a fair split of assets and debts in divorce, but fairness varies by state. Find out how to negotiate here.
