Canada:
Generous Parents Take Note: Gifts To Your Adult Children Could Boost Their Support Payments, If A Marriage Falters
20 October 2017
Torkin Manes LLP
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Parents do what they can to help their children. It is now
common for children of parents with means to be gifted a down
payment for a house or to receive regular cash gifts to supplement
their family income.
But if parents consistently support a child and his or her
family and improve the family’s lifestyle, what happens when
the adult child separates from her spouse?
The Ontario Court of Appeal has twice considered the effect of a
parent’s largesse on the adult child’s own child and
spousal support obligations — and came to two different
conclusions.
To read Torkin Manes lawyer Laurie H. Pawlitza's latest
column in the National Post, click here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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