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Old 02-07-2010, 12:06 PM
tilt tilt is offline
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Mess, his taxable income (since SS is deducted off the top) is around $86,000, which means he pays about $15,600 federal, $8,000 ON provincial, $4,000 CPP and $1,500 EI. That is $25,500 in deductions totalling $60,500 out of which he pays $18,240 in CS leaving him with $42,260 in net pay (table CS is $21,528. leaving him with $38,972). I can't think of any other deductions that would drop his net income to almost half that at $22,800; if his section 7s are over $20,000 both parents need to work with a more realistic budget. I agree approaching her without lawyers is the best way to go because I don't see your case as a slam dunk.
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