Does Child Support Affect Your Taxes?
Are you going through a divorce in which children are involved? Then, you may be wondering if you will have to pay child support or if you are entitled to these payments. You may also be wondering whether such support will affect your taxes. If so, here’s what you should know if you need child support lawyer:
Who is entitled to child support payments after a divorce?Under the law, parents are financially responsible for dependent children.
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5 Tips For Successful Divorce Mediation
If you and your spouse have decided to end your marriage in divorce, one way you can reach your divorce settlement agreement is through mediation. With the help of mediation, you may come to an amicable dissolution in your marriage and avoid going to court. A successful mediation can save you time and money in legal fees.
If you are considering mediation, here are some things you should do:
Agree to mediation with your spouseIn most situations,
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Set Off Child Support and Tax Deductions
In “shared custody” situations or where a child resides with each parent at least forty percent of the time, there could be a set off of child support. This means that the Table amount of child support is calculated for each parent based on his or her income for support purposes, and the resulting child support is the difference between these two figures.
Historically, Separation Agreements and court orders were drafted so that in these situations it is just the net amount that is paid from the parent with the higher child support obligation to the other parent.
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Child Support: A Must?
Every so often, we receive inquiries from prospective parents inquiring as to their potential child support obligations, particularly if their relations with a third party resulted in an unwanted pregnancy.
The short answer is that if you are the parent, you are required to financially support your child. Regardless of the circumstances surrounding a natural and unplanned conception, if paternity is established, the father is obligated to pay child support.
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Tips for Creating a Divorce Settlement Agreement
A divorce settlement agreement is an arrangement that spouses use to outline how finances and other assets will be divided once they go their separate ways. This agreement may also cover issues such as spousal support and child support. If you are trying to create a divorce settlement agreement in Toronto, here are some tips for doing so:
Be objectiveA divorce is an extremely personal matter that is filled with many emotional ups and downs.
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When Payor Is not Paying: How to Enforce Support Payments
If you have obtained a court order in Ontario in relation to child support and/or spousal support, and the payor has decided to stop making payments as ordered, there is no need to worry because the Family Responsibility Office (“FRO”) will step in to enforce support and take measures to obtain the payments as required.
If you have withdrawn from FRO enforcement because you trusted that support would be paid without the need to enforce same then you can re-register with FRO at the cost of $50.00 by submitting a Notice of Re-Filing Form.
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