Do we have to split our RRSPs and investments?

Legal-Boutique_RRSP-Split-and-Tax-Consequences

Do we have to split our RRSPs and investments?

Yes, but you must account for “notional tax.” Because an RRSP has a future tax liability, its value is often discounted (usually by 20-25%) when calculating the equalization payment. Under the Income Tax Act, you can transfer RRSP funds between spouses “tax-free” during a separation to balance the books.

Explore court-free divorce options with Legal Boutique

Book mediation with Legal Boutique to work through assets, debts, and the home—then translate decisions into clear settlement language.

Based in Whitby, Serving the GTA & All of Ontario Remotely

Located in the heart of Whitby and proudly serving the Durham Region, Legal Boutique provides accessible family mediation services without the commute. While we regularly assist clients locally in Oshawa, Ajax, Pickering, and Clarington office we also offer vurtual mediation to serve the entire Greater Toronto Area (GTA) and beyond.

Do I need a separation agreement if we don’t have kids?

Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...

How do I prove our separation date to the court?

If your date of separation is challenged, the court looks for "external markers" of a breakup. This includes moving into separate residences, changing your marital status on CRA filings, notifying bank or insurance providers, or—most importantly—having that date...

What happens if my spouse won’t sign the separation agreement?

If a spouse refuses to sign, we first look at the "Why." Often, it is a lack of information or a feeling of unfairness. We use "Shuttle Mediation" to address these concerns privately. If the impasse remains, you may need a lawyer to send a formal offer, but most...

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Areas We Serve

We have optimized our practice to serve the Greater Toronto Area (GTA) and the entire province of Ontario virtually. Whether you are avoiding the commute from Toronto or Markham, or seeking assistance from Ottawa or London, our secure remote process ensures you receive the same high-quality mediation services from the comfort of your home.

Local (In-Person or Remote)

Oshawa
Ajax
Pickering
Brooklin
Bowmanville & Courtice

Greater Toronto Area (GTA)

Toronto & Scarborough
Markham & Richmond Hill
Vaughan
Mississauga
Brampton
Newmarket

Ontario-Wide (Remotely)

Ottawa
Hamilton
London
Kingston
Barrie
Sudbury & North

Do we have to split our RRSPs and investments?