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
  #11 (permalink)  
Old 01-27-2017, 12:00 PM
Senior Member
 
Join Date: Mar 2016
Location: Kingston, ON
Posts: 182
Bellbaby is on a distinguished road
Default

That makes sense then actually. Prevents driving up costs but also helps out of needed
Reply With Quote
  #12 (permalink)  
Old 01-27-2017, 12:11 PM
Banned
 
Join Date: Feb 2016
Posts: 1,681
trinton has a little shameless behaviour in the past
Default

if it is deemed an S7 expense (ideally with consultations and agreements between both parents), then the forumla to calculate it is by the percentage of your incomes

Parent A makes $80,000 a year
Parent B makes $25,000 a year

You add incomes $80K + $25K = $105K

Divide each parents income by total to get percentage

Parent A: 80/105 = 76%
parent B: 25/105 = 24 %

So if the expense is $150 a month, then

PARENT A: = 150 * 0.76 = $114
Parent B: = 150 * 0.24 = $36
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
re-calculation of time for access Tatyana K Divorce & Family Law 74 11-09-2016 04:19 PM
Disclosure required for Section 7 Calculations ByMyself Financial Issues 7 01-17-2014 03:04 PM
Section 7.3 - net of NRTC's and CCTB? whatwasithinking Divorce & Family Law 6 05-01-2012 12:34 PM
Actually GETTING the Payment for Section 7 Expenses dazedandconfused2049 Financial Issues 4 10-20-2011 11:15 AM
section 7 calculation unstuck Divorce & Family Law 5 03-12-2010 05:22 PM


All times are GMT -4. The time now is 06:50 PM.