For it to be taxable/deductible, it has to be a periodical payment, and not a lump sum payment. And, it has to be in writing, either by a court judgment or a signed separation agreement.
It'll be before line 150, not sure exactly which line it is. So, it'll increase her taxable income and it'll be a deduction for you.
The rate would depend on your salary. If you have a salary under about 40,000$, the rate would be 25%. Income from 40 to 60k is roughly 35%.
And, you could deduct the taxes from your paycheck. If you check with your HR department, they should have a TD1 form that you sign every year, and you can add all of your income tax deduction, and they'll make the proper calculations.
Also, she will have to claim it as income. If she doesn't, CRA may refuse it and you will have to appeal. It shouldn't be too much trouble, just time consuming.
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