Ch. 22 - Divorce

Question 1

Subsection 73(1)

Answer 1

The tax free transfer of assets upon divorse

Question 2

Transfer of RRSP/RRIF

Answer 2

can be done tax free if:

1. the former spouses are living apart, and
2. the payment is made pursuant to either
   a) a decree, judgement or order, or
   b) a written separation agreement
3. the transfer is made directly between plans

Question 3

Child Care Expenses

Answer 3

1. the high/low income earned rules do not apply

2. Each spouse can claim expenses for the period they have custody of the child