Spousal Support admin, March 30, 2025March 30, 2025 Spousal support, also known as alimony, is a financial obligation that one spouse may be required to pay to the other following a separation or divorce. It is intended to provide financial assistance to the lower-earning or non-working spouse to help maintain, as far as possible, a similar standard of living to what they had during the marriage. Types of Spousal Support Temporary or Rehabilitative Support: Aimed at supporting a spouse until they can become self-sufficient. Permanent Support: Usually granted in long-term marriages where one spouse may never become self-supporting. Lump-Sum Support: A one-time payment rather than ongoing payments. Lump sum support is paid tax free to the recipient and is, accordingly, not tax deductible by the payor. Factors Influencing Spousal Support Length of Marriage: Longer marriages often lead to longer or larger support obligations. Financial Need: The recipient’s financial situation and needs are crucial. Payor’s Ability to Pay: The financial strength of the paying spouse also matters. Standard of Living: Courts often consider the lifestyle the couple enjoyed during the marriage. Considerations Provincial Laws: Spousal support legislation is similar across Canada but there are variations across provinces affecting obligations and calculations. Modification: Support can sometimes be modified based on changes in circumstances, such as income changes or remarriage. Tax Implications: Historically, spousal support payments are tax-deductible for the payor and taxable for the recipient. If you’re looking for specific information or advice regarding a particular case call my direct line at: 506-496-5872 Grant Edward Rayner B.Comm., LL.B. For more information visit my YouTube channel at: Family Law New Brunswick Spousal Support divorceseparationsupport
Spousal Support How Spousal Support Is Calculated February 4, 2024April 10, 2024 Defining spousal support and its purpose in relationship breakdowns Spousal support, also known as alimony or maintenance in some jurisdictions, is a legal obligation for one spouse to provide financial support to the other after a divorce or separation. The purpose of spousal support is to ensure that both parties… Read More
Child Support Joint Custody October 4, 2023April 10, 2024 Dads that came to my office were often disappointed when they were advised that ‘joint’ custody of a child or children was likely not available. Short video explains why… I hope you have enjoyed the content. If you wish to be notified of updates to the content on this platform… Read More