Sentences with phrase «alimony under the old law»

To obtain deductible - includible alimony under the old law, the payments must be made in accordance with a divorce or separation instrument.

Not exact matches

However, under Canadian law, certain debts remain even in Bankruptcy: student loans less than seven years old, spousal or child support, alimony, debt arising from fraud, restitution orders and any court imposed fines.

Under the old tax law, because the spouse receiving alimony or spousal maintenance is usually in a lower tax bracket after a divorce, more money stays with the divorcing couple rather than going to the Federal Government.