Alberta Divorce Finances

Alberta Divorce Finances

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Single and lonely
Hi everyone. I was married outside Canada, does that mean that I am not legally married here??

It's never too late to review finances in divorce! Contact us at 403-703-7176 or email [email protected]. Alberta Divorce Finances is one of the first divorce financial practices.

I, Sharon L. Numerow, am a Certified Divorce Financial Analyst (CDFA™), and the founder of Alberta Divorce Finances Ltd. For more than a decade, I have consulted with individuals, couples and family lawyers to help people understand how an impending divorce will change their financial future. I am also the proprietor of a personal income tax return preparation business with a deep and personal und

Operating as usual

Broken marriages becoming pandemic's other toll | CBC News 06/10/2021

Broken marriages becoming pandemic's other toll | CBC News

Has The Pandemic Led More Couples To Separate?

Families have gone from very busy lives, coordinating numerous activities and social obligations, to being together 24/7. For some, relationships have been enhanced and communication improved. But, for many the pandemic has taken its toll. Issues have been magnified, and problems have moved to the forefront.

The stress has caused many couples to examine smaller issues that have been amplified during COVID.

This examination has led many to separate.

If you are looking for support for yourself or for mediation services please do not hesitate to reach out to us at Alberta Divorce Finances.

http://ow.ly/FKe250F6DlB

Broken marriages becoming pandemic's other toll | CBC News COVID-19 is taking a toll on relationships and creating a boom for divorce lawyers, couples therapists and even debt counsellors who are helping newly single clients chart a path forward through the pandemic.

Bitcoin deception makes divorces even harder 06/09/2021

Bitcoin deception makes divorces even harder

BITCOIN: Is It One More Way To Hide Wealth In Divorce?

http://ow.ly/OE3V50F524r

Bitcoin deception makes divorces even harder For those in the midst of a divorce, cryptocurrencies can prove a valuable tool for masking wealth

Timeline Photos 06/08/2021

CRA Is There, Catching All Your Mistakes!

If you miss claiming the income from a T5, T4 or T3 slip (most common ones) on your income tax return, CRA will most often catch your mistake.

Sometimes, it is caught immediately after filing and sometimes by CRA during their matching program early the following year. Nevertheless, CRA will reassess your return and charge you interest on the additional outstanding balance.

If you neglect to claim the income from the same slip, 2 years in a row or more, CRA may also charge you a penalty....consider it the gift that keeps on giving! You won't find a collections officer on your front step and you most certainly won't be hauled off to jail.

As tax professionals, we have the ability to check the slips CRA has on file for you if we are authorized to do so, but slips on file with CRA are not always up-to-date at the time you are filing your return.

As the taxpayer, it is indeed your ultimate responsibility to ensure you have all of your slips - work closely with your financial advisor to confirm that you do.

Tax time can be onerous enough without adding more stress to the process!

http://ow.ly/VevD50F51U3

CRA Is There, Catching All Your Mistakes!

If you miss claiming the income from a T5, T4 or T3 slip (most common ones) on your income tax return, CRA will most often catch your mistake.

Sometimes, it is caught immediately after filing and sometimes by CRA during their matching program early the following year. Nevertheless, CRA will reassess your return and charge you interest on the additional outstanding balance.

If you neglect to claim the income from the same slip, 2 years in a row or more, CRA may also charge you a penalty....consider it the gift that keeps on giving! You won't find a collections officer on your front step and you most certainly won't be hauled off to jail.

As tax professionals, we have the ability to check the slips CRA has on file for you if we are authorized to do so, but slips on file with CRA are not always up-to-date at the time you are filing your return.

As the taxpayer, it is indeed your ultimate responsibility to ensure you have all of your slips - work closely with your financial advisor to confirm that you do.

Tax time can be onerous enough without adding more stress to the process!

http://ow.ly/VevD50F51U3

Timeline Photos 06/07/2021

Have You Taken Time For Self-Care Lately?

Haven't posted for awhile....decided to take some time for self care. Tax season was grueling and idea generation took a month off :)

My daughter got engaged and I helped her and her fiancé move into their first home! It's an exciting time for them, and I feel fortunate to watch them build their life together.

Rejuvenation seems much more difficult during COVID! Anyone else feel this way? As Alberta reopens I look forward to seeing friends and family that I've missed dearly.

Mental Health is soooo important; let's take care of each other! 💜

Stay tuned for upcoming posts including videos! Anything you want us to chat about on the topic of divorce or taxes, please let us know!

Have You Taken Time For Self-Care Lately?

Haven't posted for awhile....decided to take some time for self care. Tax season was grueling and idea generation took a month off :)

My daughter got engaged and I helped her and her fiancé move into their first home! It's an exciting time for them, and I feel fortunate to watch them build their life together.

Rejuvenation seems much more difficult during COVID! Anyone else feel this way? As Alberta reopens I look forward to seeing friends and family that I've missed dearly.

Mental Health is soooo important; let's take care of each other! 💜

Stay tuned for upcoming posts including videos! Anything you want us to chat about on the topic of divorce or taxes, please let us know!

Calgary’s Choice tax Services 04/16/2021

Calgary’s Choice tax Services

TAX FILING DEADLINE APRIL 30.......STILL!

The IRS extended the tax filing deadline to May 17 in the United States but no such luck here in Canada.

Amid the third wave of the pandemic, the Justin Trudeau government will not be extending the tax-filing deadline.

The CRA announced a one-year relief on the interest charged on income tax owing. Thus, you have until April 30, 2022, to pay your taxes without accruing interest, but you need to file your returns before April 30, 2021 and you had to have received some COVID-19 income benefits, and your 2020 total income should be below $75,000.

Another reason to get your taxes done on time is so that any government benefits you might received, are not delayed.

"Let Us Worry About Your Taxes, So You Don't Have To"

http://ow.ly/QdPO50EptDm

Calgary’s Choice tax Services [vc_row][vc_column][vc_empty_space height=64px][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2=Let Us Worry About Your Taxes So You Don't Have To txt_align=center color=white css_animation=fadeInLeft] Phone 403-703-7176 [email protected] [/vc_cta][/vc_column][/vc_row][vc_row][v...

04/15/2021

NATIONAL TAKE-OUT DAY!

At Calgary's Choice Tax Services, in April, every day seems like "Take-Out" Day trying to get all of our clients' tax returns done 🙂

But today, help local businesses, by picking up dinner, and celebrate in the process! So many great restaurants, so many choices.....let your biggest decision today be "where shall I order dinner from?"

Have a wonderful day and enjoy your #NationalTakeOutDay
@NationalTakeoutDay

03/24/2021

She’s helping brighten every day!

She’s helping brighten every day!

Timeline Photos 03/17/2021

The Climate Action Incentive....Don't get caught double counting!

There are a few situations where couples and separated parents need to communicate about who will make the claim for this incentive.

If you and your spouse/common-law partner have different professionals prepare your tax returns, make sure you don't both make the claim for the two of you for the CAI, or worse, each make the claim for an individual. Most tax software defaults to make the claim, so we always check with our clients whose spouse/partner has their return prepared elsewhere. The claim for an individual is worth $490 and for a couple, $735 (or an extra $245 for a spouse/partner).

If you are separated/divorced, and have shared parenting, make sure you agree on who is claiming which child for the CAI, worth $245 per. Again, most software defaults to make this claim for the number of children entered in the software so it has to be overridden by the tax professional.

Better to be proactive than to have to pay money back.............

"Let Us Worry About Your Taxes, So You Don't Have To"

http://ow.ly/B1ib50E0hTn

The Climate Action Incentive....Don't get caught double counting!

There are a few situations where couples and separated parents need to communicate about who will make the claim for this incentive.

If you and your spouse/common-law partner have different professionals prepare your tax returns, make sure you don't both make the claim for the two of you for the CAI, or worse, each make the claim for an individual. Most tax software defaults to make the claim, so we always check with our clients whose spouse/partner has their return prepared elsewhere. The claim for an individual is worth $490 and for a couple, $735 (or an extra $245 for a spouse/partner).

If you are separated/divorced, and have shared parenting, make sure you agree on who is claiming which child for the CAI, worth $245 per. Again, most software defaults to make this claim for the number of children entered in the software so it has to be overridden by the tax professional.

Better to be proactive than to have to pay money back.............

"Let Us Worry About Your Taxes, So You Don't Have To"

http://ow.ly/B1ib50E0hTn

Digging into CEBA's tax implications 03/12/2021

Digging into CEBA's tax implications

Did your business receive the CEBA? (Canada Emergency Business Account/Loan)

Do you know that the potential forgivable portion is taxable when received?

http://ow.ly/xbhN50DTk73

Digging into CEBA's tax implications Experts explain the tax ramifications for businesses or not-for-profits who participated in federal emergency loan program

CRA Tax-Filing Benefits: Pay No Interest on 2020 Income Tax Debt 03/11/2021

CRA Tax-Filing Benefits: Pay No Interest on 2020 Income Tax Debt

Did you receive COVID benefits? Have a tax bill?
You might be eligible for tax debt relief!

Questions? Reach out to us at Calgary's Choice Tax Services

http://ow.ly/2i4a50DTjEq

CRA Tax-Filing Benefits: Pay No Interest on 2020 Income Tax Debt The CRA is encouraging taxpayers to file their taxes on time. It has waived off interest on outstanding income tax dues till April 2022. The post CRA Tax-Filing Benefits: Pay No Interest on 2020 Income Tax Debt appeared first on The Motley Fool Canada.

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income 03/10/2021

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income

In case this year's tax season wasn't already going to be stressful enough......CERB repayments may not be correctly reflected on the tax slip. Pandemic benefits seem to be the gift that keeps on giving!!

Confused about your tax slips, unsure how to file?
Let us worry about your taxes at Calgary's Choice Tax Services

http://ow.ly/UN7x50DTioh

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income The Canada Revenue Agency says some taxpayers who repaid COVID-19 related benefits in 2020 are getting incorrect tax slips.

International Women’s Day 2021: Cricketer’s Take to Social Media to Wish all Women on Special Day 03/08/2021

International Women’s Day 2021: Cricketer’s Take to Social Media to Wish all Women on Special Day

On this International Women's Day, we celebrate the social, economic, political and cultural contributions of women.

Personally, today I recognize fondly the lessons my mother (who passed away 26 years ago) taught me and those that my daughter shares often (she is much wiser at 27 than I was at that age).

Their teachings guide my personal, professional and social decisions daily. Celebrate the women in your life every day.

Happy International Women's Day to all of the special women in my life and to all of the women striving to lead by example.

http://ow.ly/BwVL50DT8sp

International Women’s Day 2021: Cricketer’s Take to Social Media to Wish all Women on Special Day The first observance of Women's Day dates to 1908, when close to 15,000 women marched on the streets of New York demanding lesser working hours, right to vote and also equal and better salary.

02/27/2021

Cheer yourself up during COVID!
Last few days of February’s
YYC HotChocolateFest
Don’t miss out on this one from
TenDegreesChocolate in
Mount Royal Village
Deeeeelish! ☕️🍫😎

Cheer yourself up during COVID!
Last few days of February’s
YYC HotChocolateFest
Don’t miss out on this one from
TenDegreesChocolate in
Mount Royal Village
Deeeeelish! ☕️🍫😎

Feds promise free, automatic tax returns — a change that could send benefits to thousands | CBC News 02/26/2021

Feds promise free, automatic tax returns — a change that could send benefits to thousands | CBC News

Should CRA Automatically File Some Taxpayers Returns?

The Throne speech in the fall proposed to have CRA automatically file returns for some taxpayers. The government already has income information for many lower income Canadians.

Approximately 12.5% of Canadians are not filing their returns and are missing out on much needed government benefits.

For the most basic of returns, this proposal seems to be a good one!

http://ow.ly/Loau50DIhwt

Feds promise free, automatic tax returns — a change that could send benefits to thousands | CBC News The federal government says it will soon introduce a free, automatic tax filing system for simple returns — a policy change meant to provide government benefits to qualified people who don’t collect them now because they skip filing their taxes.

Timeline Photos 02/25/2021

PROSPECTIVE CLIENTS? What's your plan?

Customers and prospective customers continue to share frustration about poor customer service during the pandemic. Logic would dictate that during these difficult times, customer service should exceed expectations, but quite the opposite is apparently true. An American Nationwide survey conducted by NBC late in the fall of 2020 found that more than 75% of customers expressed dissatisfaction with service and have left money on the table.

A number of friends and family have expressed lately the lack of service as a prospective new client; lack of callbacks, cancelled meetings, lack of attention and an overall feeling of disinterest from the business.

We have to do better! We must do better! These unprecedented times have left many people stressed and overwhelmed. Our businesses should be exceeding customer expectations especially today! None of us are perfect, nothing wrong with a sincere apology, WE GOT THIS!

Let's take care of people, the way they deserve to be supported!

At Calgary's Choice Tax Services, we strive to worry about our clients' taxes.....so they don't have to!
http://ow.ly/NiB450DIhev

PROSPECTIVE CLIENTS? What's your plan?

Customers and prospective customers continue to share frustration about poor customer service during the pandemic. Logic would dictate that during these difficult times, customer service should exceed expectations, but quite the opposite is apparently true. An American Nationwide survey conducted by NBC late in the fall of 2020 found that more than 75% of customers expressed dissatisfaction with service and have left money on the table.

A number of friends and family have expressed lately the lack of service as a prospective new client; lack of callbacks, cancelled meetings, lack of attention and an overall feeling of disinterest from the business.

We have to do better! We must do better! These unprecedented times have left many people stressed and overwhelmed. Our businesses should be exceeding customer expectations especially today! None of us are perfect, nothing wrong with a sincere apology, WE GOT THIS!

Let's take care of people, the way they deserve to be supported!

At Calgary's Choice Tax Services, we strive to worry about our clients' taxes.....so they don't have to!
http://ow.ly/NiB450DIhev

Want a Divorce? Try Cameo to Break the News 02/20/2021

Want a Divorce? Try Cameo to Break the News

Ever Thought About Paying A Celebrity To Break The News?

Caldwell Tidicue, comedian and former contestant on "RuPaul's Drag Race", posted a prank break-up video on the app 'Cameo'.
It went viral! Now people are hiring celebrities to deliver their messages, even break-ups. Separation though, is a message that probably shouln't be delivered by a third party!

http://ow.ly/iUBb50DDe4e

Want a Divorce? Try Cameo to Break the News After a series of viral pranks, the celebrity-driven video shout-out app has become the unexpected home for breakup announcements.

Got A Teenage Daughter? Apparently You're More Likely To Get Divorced 02/19/2021

Got A Teenage Daughter? Apparently You're More Likely To Get Divorced

Are Parents With A First-Born Teenage Daughter Really More Likely To Divorce? These researchers have determined that is in fact the case......have a read.

http://ow.ly/wiIH50DDdMQ

Got A Teenage Daughter? Apparently You're More Likely To Get Divorced Like, seriously?

Timeline Photos 02/17/2021

Have You Done A Random Act of Kindness Today?

Feb 17 is 'Random Acts of Kindness Day' which encourages acts of kindness. Scientific evidence has shown the positive effects of offering or receiving acts of kindness. Even small gestures can impact a life. Make Kindness The Norm! #bekind

Have You Done A Random Act of Kindness Today?

Feb 17 is 'Random Acts of Kindness Day' which encourages acts of kindness. Scientific evidence has shown the positive effects of offering or receiving acts of kindness. Even small gestures can impact a life. Make Kindness The Norm! #bekind

Timeline Photos 02/12/2021

Celebrities were busy breaking up in 2020!

Who Split? Have a read!

http://ow.ly/BRFY50Dw4Ge

If you've separated, we are here to support you!

AlbertaDivorceFinances.ca

Celebrities were busy breaking up in 2020!

Who Split? Have a read!

http://ow.ly/BRFY50Dw4Ge

If you've separated, we are here to support you!

AlbertaDivorceFinances.ca

Alberta Divorce Finances

Sharon Numerow

Sharon is a Certified Divorce Financial Analyst™ and the founder and owner of Alberta Divorce Finances in Calgary. She is a trained divorce mediator and the proprietor of a personal income tax return preparation business.

Sharon has a deep and personal understanding of the financial implications of divorce. Her education, experience and compassion assists clients in understanding all areas of the impending changes that divorce will have on their financial future. Sharon has worked with clients and lawyers for more than 10 years consulting on divorce finances.

It is ALWAYS essential to review the finances of your divorce.

Videos (show all)

Got a full house at today’s seminar.

Products

Services for individuals and couples:

Pre-Divorce Financial Consultation
Divorce Financial Consultation and Mediation
Childview Support Calculations for lawyers and mediators
Post-Divorce Financial Consultation and Tax Planning
Post-divorce Child Support Recalculation
Partnering with Matrimonial Lawyers and Mediators to support their clients

Telephone

Address


Suite 400, 534 17th Avenue SW Calgary, AB
Calgary, AB
T2S 0B1

Opening Hours

Monday 08:30 - 16:30
Tuesday 08:30 - 16:30
Wednesday 08:30 - 16:30
Thursday 08:30 - 16:30
Friday 08:30 - 16:30
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