Sentences with phrase «making equalization payments»

Indeed, transfers and regional equity are enshrined in Section 36 of the 1982 Constitution Act and Section 36 (2) reads: «Parliament and the government of Canada are committed to the principle of making equalization payments to ensure that provincial governments have sufficient revenues to provide reasonably comparable levels of public services at reasonably comparable levels of taxation.»

Answer: Yes, if your ex-husband is obligated to make an equalization payment that has been ordered prior to...

A paying spouse can also borrow money from family and friends or take out a line of credit to make an equalization payment.

The clientalleged that the lawyer should have advised him to negotiate a «downside protection clause,» so that, if his income did not increase during the course of the marriage, he would not be obliged to make any equalization payment to his wife.

Not exact matches

As a common - law couple, no one is entitled to equalization payments — payments made from one spouse to another to create an equal division of the assets.

Another consideration is that if the deceased was married at the time of their death — to a step - parent, for example — that person may be entitled to an election under the Family Law Act to receive an equalization payment and make a potential claim against the estate.

The right to an equalization payment does not permit a recipient spouse to force the sale or transfer of a specific property if the paying party can make the payment by some other means.

Zavarella v. Zavarella 2013 ONCA 720 Family Law — Husband and wife — Marital property — Distribution orders — Equalization payments About two weeks before she was married, a future wife, with debts of $ 49,838.70, made an assignment into bankruptcy.

The appellant husband argued that (1) the trial judge erred in how he ordered the equalization payment to be paid; and (2) this error led the trial judge to make a further error with respect to his costs award, as it resulted in the trial judge failing to properly assess the reasonableness of the appellant husband's offers to settle.

Once the equalization payment is made and invested reasonably, there may be no need for spousal support.

Likewise, if the Court makes an equalization order or judgment directing payment, if there are no assets within Alberta to execute against, what is the next step for the creditor?