In the first part of a bifurcated family law trial dealing with property issues, the court determined the treatment of the respondent's RRSP used under the Home Buyers Plan and a disputed pre-marriage loan.
The court held that the respondent was entitled to a date of marriage deduction for his $25,000 RRSP and had a date of separation asset of $21,668, subject to a notional tax rate of 25%.
The court also found, on a balance of probabilities, that the respondent had an asset of $35,000 (US) owed to him on the date of marriage from a loan to his brother-in-law, rather than the $47,400 claimed.
