Spousal support is considered earned income for the receiving spouse for registered retirement savings plan purposes. Photo by Getty Images/iStockphoto

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Marriage is a social and economic union. When a marriage ends, the financial consequences can be just as far-reaching as the emotional ones. People who are considering or concerned about a split may not know what this means for them long-term.

No-fault divorce

Canada’s Divorce Act does not consider the reason for a divorce . It is primarily a no-fault system. While mental or physical cruelty or adultery can allow for a quicker divorce, in most cases the ground fo

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