Divorce in Canada and How it Affects Your Financial Stability

Rob & Mike

Rob & Mike

In this episode of ThinkSmart, Financial Advisors Rob McClelland and Mike Connon discuss common divorce statistics. They also discuss, in-depth, the financial implications of divorce, including alimony, child support, legal fees, and changes in housing, retirement planning, and estate planning. 

(00:48): The divorce rate in Canada
(02:37): What about second marriages?
(03:09): Stats on the reasons for divorce
(06:20): What can potentially put off divorce?
(08:00): Different types of separation and divorce agreements
(08:30): Your options if you want to stay with the same Advisory firm
(0:935): Prenuptial or cohabitation agreements
(10:35): Can you survive on divided assets?
(12:09): How does alimony, spousal and child support work?
(13:47): Tax implications 
(15:54): Estate planning issues
(16:11): Lifestyle changes

 

Related articles

Everything in Life is a Bell Curve, Even Your Finances Podcasts

Everything in Life is a Bell Curve, Even Your Finances

You might be surprised that many things we take for granted are graded according to a bell curve. This concept also applies to the financial world, including stock returns, interest rate changes, asset prices, and credit scores. Understanding these d…

Read More →
Things Are Really Bad Out There: Consumer confidence is at its lowest level in 52 years. Podcasts

Things Are Really Bad Out There: Consumer confidence is at its lowest level in 52 years.

Consumer confidence is at its lowest level in 52 years. But that doesn’t mean it’s all bad news for investors. Join Senior Financial Advisors Rob McClelland and Mike Connon as they discuss consumer confidence and its impact on the stock market.They t…

Read More →
Articles

US Election

We are 11 months away from another US election. And this major event prompts many questions for investors in the US and worldwide. Should the …

Read More →

Financial Planning Advice from Canada's Top Financial Advisors

Sign Up To Receive Email Updates On The Financial Industry And Complimentary Workshops.

By providing your e-mail address you provide The McClelland Financial Group of Assante Capital Management Ltd. with your express consent to send you electronic communications. If you choose to discontinue receiving e-mails, you may withdraw consent by contacting [email protected].

FREE RESOURCE

Get actionable financial insights from the Top financial planners in Toronto.

Access here
Toronto's Top Financial Advisors

Services

About

Resources

Contact

Call (905) 771-5200

[email protected]

Visit Us (Google Map)

Working hours

Monday to Friday
8:30am to 5pm EST

logo-cipf 1
logo-iiroc 1
Know your Advisor: IIROC Advisor Report
Copyright Assante Wealth Management. © 2022
Linkedin Facebook Twitter Youtube Instagram

Disclaimer | Assante advisory services are offered through Assante Capital Management Ltd. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. The services described may not be applicable or available with respect to all clients. Services and products may be provided by an Assante advisor or through affiliated or non-affiliated third parties. Some services and products may not be available through all Assante advisors. Services may change without notice. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

We have a team of advisors each specializing in varying portfolio sizes. Please let us know the approx. amount of your investable assets to help us to direct you to the advisor that is best suited to you.