About this course

Separation or Divorce is among the most financially challenging events of one’s life and requires a lot of planning, discussions, and careful consideration.

While it’s a stressful situation, you have to carefully consider tax consequences and deeply understand the terms of the separation or divorce.

What’s involved? When one is really separated (highlighting the differences between family law and taxation)? How to better support your client?

Eligible Dependant, CCB, Disability Tax Credit, Capital Gains, Butterfly Transactions, and more topics will be discussed in this course with Certified Divorce Financial Analyst and Certified Tax Practitioner, Sharon Numerow.

What you will learn?
Definition of a spouse and a common-law partner for tax purposes
Spousal amount
Eligible Dependant
Child Support
Canada Child Benefit (CCB)
Disability Tax Credit Transfer
Medical Expenses
Tuition Transfer
Capital Gains Exemption
Spousal attribution rules
Spousal rollover
Butterfly Transactions
Finding the right plan for the division
Skills Covered
2 hours on-demand video
Certificate of completion
Beginner level
No prerequisites
No preparation required
1 year access


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Browse course content
1 Video
2 hours
Section 1.
Tax Consequences of a Separation or Divorce
1h 50m 56s
Learn from the best
Owner, Alberta Divorce Finances Ltd and Calgary’s Choice Tax Services

Sharon Numerow is a certified tax professional who has been preparing returns and educating her clients for more than 20 years. Sharon and her team prepare over 400 returns annually. Calgary’s Choice Tax Services focuses solely on the preparation of personal income tax returns. Sharon is passionate about maximizing her clients’ tax savings and takes pride in educating her clients. Sharon’s team offers support and guidance to sole proprietors, clients with rental properties, divorcing clients, CRA requests, Notices of Objection, bookkeeping services, GST returns and more. Sharon has twice been featured in the Calgary Herald and in Readers Digest and Money Sense Magazine and as a guest on the CORUS Radio network, ‘More Than Money Radio Show’. She has twice toured Canada with Wolters Kluwer CCH delivering specialized tax seminars to accountants and financial professionals. Sharon has also spoken at the Canadian Bar Association, Calgary Chapter, Family Law Section on ‘Understanding Income Tax – Getting It Right For Divorcing Clients!’ Sharon has also appeared in the Court of Queen’s Bench as an expert on income tax deductions, credits and benefits. 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.

Rana Ghose /AUTHOR
Director, REProduce Artists

Rana Ghose is a curator, economist, writer, and filmmaker. He steers REProduce Artists, a collective of artists, organizers, and content creators that produce interventions in non-traditional spaces, engaging with music and video in modular, sequential plays – all taking advantage of the aesthetics of spaces as varied as former mills, bakeries, and hotels while producing them into five hour embedded experiences. His doctoral research was on risk construction in a regulatory context and the underlying dynamics of how we explore uncertainty with regard to new technologies. The theoretical framework of this research underpins his explorations within live music presentation models and how patronage and sponsorship interact within the uncertainty that pop culture engineering presents. His current focus is building and managing REProduce Live, a live streaming platform inspired by the signature event series he oversees, REProduce Listening Room. He is currently based between New Delhi, India, and Halifax, Canada.