Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Financial Issues

Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 01-30-2012, 08:55 PM
Senior Member
 
Join Date: Jul 2009
Location: Vaughan
Posts: 2,187
billiechic is on a distinguished road
Default financial statement and EI

I have to file a financial statement and I am waiting for my first EI payment. I know that I should be recieving the maximum amount (gross $485 weekly), but I dont know how to estimate any deductions they will make (CPP, EI premiums or income tax).

Does anyone have any knowledge of this or know of a calculator? I would like to finish this and file my paperwork tomorrow
Reply With Quote
  #2 (permalink)  
Old 01-30-2012, 09:10 PM
LCB LCB is offline
Junior Member
 
Join Date: Dec 2011
Posts: 11
LCB is on a distinguished road
Default

I am on EI ( mat leave) I receive the max $485/week. My payments go into my account biweekly and I receive $822 (411/week). Don't know the break down but I assume the difference is all fed tax ( no EI prem or CPP deducted).... But I'm not 100% sure.
Reply With Quote
  #3 (permalink)  
Old 01-30-2012, 09:35 PM
Senior Member
 
Join Date: Jul 2011
Posts: 232
mcdreamy is on a distinguished road
Default

Here is the online Rev Can payroll calculator I use every year to figure out my salary/deductions.. It should help:

https://apps.cra-arc.gc.ca/ebci/rhpd...o?lang=English
Reply With Quote
  #4 (permalink)  
Old 01-31-2012, 10:33 AM
Senior Member
 
Join Date: Jul 2009
Location: Vaughan
Posts: 2,187
billiechic is on a distinguished road
Default

another question:
I have sent my ex several offers to settle our financials, but he has never responded. He has applied for a motion to change, and I would like to have this addressed so we can have equalization and I can apply for divorce.

So I am now required to fill out a form 13.1 instead, which details the house and all items. We fairly split the household items. I made sure that we each got a fair share of everything. However, upon looking at photos of my ex's truck rebuild, it is obvious that he had over $2500 in tools (estimated as used price half of purchase price) and also a vehicle worth at leat $4000 and new parts worth about $1000 (all new). Total $7500 and all of theat went with him.

He keeps threatening to go after my RRSPs, which are worth about $10,000 at separation date. I had offered previously that in exchange he could keep everything from the garage as his if he left my rrsps alone. He didnt respond.

So, I dont want to go through the whole deal of estimating the price of everything in the house again. I am able to address the garage contents. Can I just write that household items were equally divided and settled on the form? Or do I need to show that we each got approximately a fair share of items?
Reply With Quote
  #5 (permalink)  
Old 01-31-2012, 12:51 PM
Senior Member
 
Join Date: Jul 2009
Location: Vaughan
Posts: 2,187
billiechic is on a distinguished road
Default

Can anyone provide advice? PLEASE!!!
Reply With Quote
  #6 (permalink)  
Old 01-31-2012, 02:08 PM
Senior Member
 
Join Date: Jul 2010
Posts: 280
frustratedwithex is on a distinguished road
Default

I don't know if this helps, ex and I basically agreed on household items when we first separated over 3 years ago. The last offer sent through lawyers last year had a number of paragraphs that explained what the offer for division of property was, (house, RRSPs etc), and then there was a paragraph about the household items that said something to the following;

"Except as otherwise indicated, the Plaintiff and the Defendant shall retain any and all other property in their current and respective possession. The parties will agree that all of their household furnishings, effects and other items have been divided to their mutual satisfaction. They agree that the chattels, furnishings and personal property in the possession of the other shall be and remain their sole and exclusive property, and each will waive all right, title and interest in that property."

As far as I know stbx did not have to show his lawyer that we had divided the household items. The conversation I had with my lawyer in response to this offer was a simple "yes" we have divided the household items. My lawyer didn't ask for proof or a list.
Reply With Quote
  #7 (permalink)  
Old 01-31-2012, 03:03 PM
Senior Member
 
Join Date: Jul 2009
Location: Vaughan
Posts: 2,187
billiechic is on a distinguished road
Default

ok, that sounds good! Thanks!
Except that I dont want the garage contents included in that clause.

My idea know is to fill out all the major house items, showing that they were fairly split, and then the garage contents, and that these were all retained by him. It will show that for equalization he needs to pay me.

I will of course send him a financial settlement based on these calculations asking him to sign off his rights to any of my pensions and give up my rights to half the value of the garage items. I'm sure he sold most of them already, so hewould have no way of coming up with cash (unless he decided to finally get a job...11 months and counting!)
Reply With Quote
  #8 (permalink)  
Old 01-31-2012, 03:04 PM
Senior Member
 
Join Date: Jul 2009
Location: Vaughan
Posts: 2,187
billiechic is on a distinguished road
Default

oh, and I will include a clause similar to what you posted Frustratedwithex, in the offer to settle.
Thanks!
Reply With Quote
  #9 (permalink)  
Old 01-31-2012, 03:29 PM
Senior Member
 
Join Date: Jul 2010
Posts: 280
frustratedwithex is on a distinguished road
Default

As much as I hate my exs overuse of spreadsheets, he did attach and label as, 'Property Distribution Schedule', a simple table, (doesn't really look like an excel spreadsheet).

There are 4 columns, description of (he used assets), est value, plaintiff, defendant. He put in the plaintiff/defendant column who he thought should retain the item and had totals at the bottom of each column.

Hope this helps.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Ex refused to attend MIP or file financial statement xerynx Divorce & Family Law 3 11-12-2011 10:25 AM
Financial Statement and mediation inseperationhell Financial Issues 13 08-02-2011 11:28 AM
Financial Statement Q - Help! Rico Financial Issues 1 07-26-2011 02:02 PM
Serving a Blank Financial Statement? PLEASE help?? representingself Financial Issues 5 12-02-2010 10:05 AM
Settlement Conference Adjournment... but only 21 days McBroke Divorce & Family Law 5 04-23-2009 05:44 PM


All times are GMT -4. The time now is 07:22 AM.