Search results
Results from the WOW.Com Content Network
It was not until 1930, when Parliament passed the Divorce Act (Ontario), that the courts of Ontario were given jurisdiction to grant divorces and annulments. The law granting divorce under this law was according to the law of England as it stood at July 15, 1870 (and thus on the same footing as the prairie provinces and the territories). [20]
The main piece of federal legislation governing the issues arising upon married spouses’ separation and the requirements for divorce is the Divorce Act. Pursuant to the Divorce Act, the federal government has jurisdiction over child custody and access matters and spousal and child support during or after divorce. [1] The Divorce Act does not ...
Home loan interest portion is deductible (under section 24(b)) up to 150,000 rupees in a tax year for acquiring or constructing a property. The deduction is available only when the construction is complete or the owner takes possession of the property. Interest of pre-construction period is deductible in five equal installments.
Savings interest rates today: Reset your savings goals with top-paying yields of up to 4.75% right now — Dec. 2, 2024
However, things can get more complicated if the property has a mortgage or another lien, like a home equity loan. In a divorce, the ownership of the property and of the outstanding mortgage are ...
The Uniform Marriage and Divorce Act §307 (UMDA §307) [3] also allows for the equitable distribution of property and lists factors the court should consider, e.g. "the duration of the marriage, and prior marriage of either party, antenuptial agreement of the parties [which is the same as a prenuptial agreement or premarital agreement], the ...
Dividing debt during a divorce can be as challenging as separating assets, and it requires a clear understanding of state laws, the nature of the debt and each spouse’s financial situation.
The Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act) came into force on July 1, 2008, replacing Ontario's Mortgage Brokers Act, 1990, [1] and requires all individuals and businesses who conduct mortgage brokering activities in Ontario to be licensed. [2] The Act is currently administered by the Financial Services Regulatory ...