Staying on Course - Separation, divorce and your finances 

This guidebook provides ideas and suggestions to help you stay on course during separation and divorce.

Marriage breakdown tax and estate planning considerations

Marriage breakdown can affect both your income and your assets and has a number of legal, tax and estate planning implications.

Attribution rules on relationship breakdown

This article is for information only and is not legal or tax advice. Please consult your lawyer or accountant before acting on any of the information presented in this article. If your relationship breaks down, the attribution rules may not apply to certain situations you may be involved in.

Separating a joint account between you and your spouse

What happens when you have assets in a joint account with your spouse and together you decide to separate the assets into one or more individual accounts? This article discusses the tax consequences of separating the assets in a joint account under two different circumstances. It assumes that you and your spouse initially contributed equally to the joint account.

Income splitting and attribution rules

Understand the rules that may prevent you from income splitting

Income splitting using a prescribed rate loan

You may be able to reduce the overall amount of income tax paid by your family by setting up a prescribed rate loan to split income. This article explains how prescribed rate loans work.

Income from joint accounts held between spouses

It is often assumed that spouses can split income earned in a joint account equally or in whatever way minimizes their overall tax bill. This is not the case. In general, each spouse must report their share of income earned in a joint account in accordance with the proportion of funds they have each contributed to the account.