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Deductible Legal and Accounting Fees for Recipients of Support

In the context of separation or divorce and the associated expenses, opportunities for tax deductions can be particularly valuable. While fees related to negotiations for separation, divorce, or custody cannot be deducted by either party, and child support payments are similarly non-deductible, spousal support payments are deductible by payers—and taxable to recipients. However, an opportunity for a tax deduction is also available to those on the receiving end of support…

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‘Buy a Rock’ Fundraising Campaign

On January 10, 2019, Gail Belchior of Money Matters Services & Solutions Inc. presented the Welland Curling Club with a $2,600 cheque to go towards the ‘Buy a Rock’ fundraising campaign. Gail commented on her participation, “I am so pleased tosupport the fundraising efforts of the curling club. I know first hand how important it is to have good curling stones and ice. Our family have been members here for…

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Holiday tips for separating/divorcing parents

Holidays can be a difficult and stressful time for separating/divorcing parents. Parents worry about their children having to be at two different homes during holidays and the impact that this may have upon their children, along with worrying about not spending the whole holiday with their children and/or not seeing them at all on the actual holiday. Below is a list of ideas that may assist you in planning for…

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A BIG “Thank-You”

This picture was taken during the recent unveiling of the donor wall at the Meridian Community Centre. It is our BIG “thank-you” and a permanent reminder of the Money Matters Services & Solutions Inc. philanthropic contribution to our very successful capital fundraising campaign.

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The Goal-den Rule Of Collaborative Divorce

When the collaborative divorce neutral facilitator meets with the clients for the first time, she begins by asking them to describe their goals, what they would like to accomplish in their divorce. Then she explains the importance of understanding the difference between a position and a goal or an interest. A position is a specific demand. An interest is the reason at the heart of the position taken. Increased stress…

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7 Things Fabulous Listeners Do Differently

Listening is a bit like intelligence—most everyone thinks they’re above average, even though that’s impossible. And listening is a skill you want to be great at. A recent study conducted at George Washington University showed that listening can influence up to 40% of a leader’s job performance. “The word listen contains the same letters as the word silent.” –Alfred Brendel There’s so much talking happening at work that opportunities to…

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Co-Parenting Tips for Divorced Parents

Co-parenting after a split is rarely easy, especially if you have a contentious relationship with your ex-partner. You may be concerned about your ex’s parenting abilities, stressed about child support or other financial issues, feel worn down by conflict, or think you’ll never be able to overcome all the resentments in your relationship. Click here to read the full article.

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Dig Up Your Family’s Financial Past

Our Family Money Story is the “original software” behind the attitudes, beliefs, and behaviors we bring to our financial life. For some of us, our Family Money Story is all too familiar. For others, it percolates under the surface, influencing our choices without our conscious awareness. Some of us work to modify that programming as we run into limitations in the ways that it serves us. But before we can…

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8 Characteristics of People Who Are Successful At Getting Out Of Debt

Having guided numerous families and individuals on their quest to pay off debt, I wondered about the characteristics which make them succeed on this path. Why are they able to successfully follow-through with their commitment to get out of debt when others fail at it? Click here to read the full article.

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The Biggest Divorce Mistakes: Posting On Social Media

It’s very tempting to brag about your new life on social media before you’re even divorced to ensure that your ex knows that you’re over him or her. Don’t post anything that might be used against you! Details about the keg you finished all by yourself, comments about the one-night stands you’ve enjoyed, or pictures of you with your new girlfriend or beau will not help your divorce case. Consider…

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