Air Miles

[Full_Plate]

Good evening to all
If the ex has lots of Air miles(KKKKKK) collected from 3 different plans do they count as an asset to her?

TKU
F_P

[arabian]

More of a perk from work I would think. People who have to travel for work deserve something. No fun sitting in airports for hours on end and eating lousy food. Maybe the ex will let the children enjoy the airmiles for vacations or purchase bikes etc. Don't think it's your concern. Be nice and maybe some will come your way!

[dinkyface]

CanLII - 2003 BCSC 1262 (CanLII)

"At trial the issues of CPP benefits and Airmiles accumulated by J.P.E. by utilizing his personal and corporate charge cards were referred to. J.P.E. indicated he had 110,000 Airmiles at the date of trial and more at date of separation. There is no doubt that the Airmiles were used for family purposes and are therefore family assets. "

[arabian]

Just specifiy they will be used for kids and be done with it.

110,000 airmiles aren't going to get you very far.

[arabian]

I'm sure there is a legal argument somewhere that deals with accumulation of naval lint. Hopefully common sense prevails.

[dinkyface]

110000 airmiles is worth between $11K-$16K (depending on how used). How about trading the car for the airmiles.

http://www.obj.ca/Opinion/2012-05-22...really-worth/1

[arabian]

wow - you must have the GOOD air miles! Thought it was the Safeway one...

That becomes a taxable issue that CRA would be interested in if it is worth that much.

[dinkyface]

CRA's stand: Loyalty and other points programs

Your employees do not have to include in their income the value of the rewards they received or enjoyed from the points they collect on these business trips, unless any of the following applies:

• The points are converted to cash.
• The plan or arrangement between you and the employee seems to be a form of additional remuneration.
• The plan or arrangement is a form of tax avoidance.

[Mess]

I'm sure there is a legal argument somewhere that deals with accumulation of naval lint. Hopefully common sense prevails.

Sailors are notorious for gathering stray theads.

[arabian]

11K - 16K sounds like remuneration to me but then I guess it might depend upon how long it took for those points to accumulate.

[Full_Plate]

I found this

Thank you for the input it is all helpful.
I found this and now I'm looking for examples for it.
"Air Miles - Yes, these are divisible in your divorce."
Family is all grow and gone. The total Air Miles is in the thousands at the separation date 4.5 ago. And more since. Last year return tickets for 4 from cost to cost from TO!! TO to Florida RT.
TKU
F_P

[Full_Plate]

Ontario Divorce and Family Law is where I found the answer.

[Tayken]

Thank you for the input it is all helpful.
I found this and now I'm looking for examples for it.
"Air Miles - Yes, these are divisible in your divorce."
Family is all grow and gone. The total Air Miles is in the thousands at the separation date 4.5 ago. And more since. Last year return tickets for 4 from cost to cost from TO!! TO to Florida RT.
TKU
F_P

Really? Fighting over Air Miles? The best way to value them is to figure out the cash value of the mile, which usually a few cents and multiply it out. You can call Air Miles and ask them what the cash value on average is probably. You can try and argue that they are worth the value of a ticket but, don't forget that they don't cover the taxes and other "fees". So be careful on how you "estimate" their worth. They are not worth a lot... Especially if they are only in the "thousands".

Best way to figure out their value is to see what cash value gift cards you can but with the points. Then work out a formula from that to figure out what each point's value is.

To fight over them before the court would get a judge nice and mad. Penny wise, pound foolish...

[standing on the sidelines]

Thank you for the input it is all helpful.
I found this and now I'm looking for examples for it.
"Air Miles - Yes, these are divisible in your divorce."
Family is all grow and gone. The total Air Miles is in the thousands at the separation date 4.5 ago. And more since. Last year return tickets for 4 from cost to cost from TO!! TO to Florida RT.
TKU
F_P

just remember that any miles after the separation date dont count. So exactly how many air miles are we talking about? The value at separation date which seems to be four and a half years ago?

Dont forget her club z card from zellers and if she shops at shoppers her optimum card from there!!!! Just kidding.

[FightingForFamily]

My ex had actually pooled her HBC points with her whole family so she had hundreds of dollars worth.

Amusingly, when I got around to checking, she had actually cleaned out those points in addition to all the bank accounts and investments. She even cancelled my CAA membership. I learned about that when my car broke down, I called them, and standing there holding my membership card for 2012 and the lady on the phone tells me my ex cancelled my membership and I'm on my own.

Don't be kidding, some people actually are that level of petty.