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The AFDS cast its letter to the Minister of Finance supporting the Income Tax Act Amendment and is awaiting a reply.
March 7, 2022
Dear Minister Freeland,
Re: Amending the Income Tax Act to treat children of separated parents fairly
The Academy of Financial Divorce Specialists reiterates 2 areas of tax legislation that are very unfair to parents and children of separated or divorced families.
These points were originally brought up by a Chartered Financial Divorce Specialist in 2017 and multiple times in 2019. The Canadian Bar Association also brought it up in 2020.