A Recent U.S. Tax Reform is Impacting Canadians Receiving Alimony
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In this blog, find out how a recent shift in how the U.S. treats alimony payments has resulted in a difference in tax treatment between the U.S. and Canada on alimony paid and received.
After years of an unhappy marriage, John and Kathy decided to separate. Kathy moved to live in Colorado and John remained at his home in Ontario.
In January 2019, they fina...
