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.

Closed Thread
 
LinkBack Thread Tools
  #11 (permalink)  
Old 05-02-2010, 03:21 AM
Senior Member
 
Join Date: Aug 2009
Location: Mississauga
Posts: 162
Desperate_Dad is on a distinguished road
Default Accurate Spousal Support Calculation

Hello everyone...

Having been through and still going through the hell of Family Court, I have decided to come on here to help people. I can help only with financial issues especially spousal support. I am a financial consultant with a major financial institution who assesses approximately 2,000 tax returns per year. One could safely say I am an expert in this field. I am appalled by the massive incompetence of lawyers and judges in calculating spousal support. These people simply have absolutely no clue. As far as the Delaney Spouisal support calculator, do not use it. It is for very simple situations and almost all situations are not that simple so it won't be accurate. Most lawyers in Ontario use a calculator called Chequemate which I have. There are problems with it which I have identified however it generally works fairly well for employee situations but not as well for self employed situations. The huge problem is stupid lawyers have no clue how to enter the information properly which can cause inaccurate spousal support information. I on the other hand know exactly what to do and how to enter information and will also know the correct questions to ask you. If anyone wishes help, I am pleased to offer it. For what its worth I am paying a ridiculous amount of spousal support which was made in a temporary order before I had this program. I don't discriminate based on gender,. The bottom line is that I will give you correct information no matter who you are.

Regards

I can be contacted at this email address

financial_expert@live.com

I also use MSN (its an underscore between financial and expert)
  #12 (permalink)  
Old 05-02-2010, 10:41 AM
Senior Member
 
Join Date: Dec 2006
Location: Kitchener Ontario
Posts: 5,241
standing on the sidelines is on a distinguished road
Default

What a nice thing to do.
  #13 (permalink)  
Old 05-02-2010, 11:10 AM
Senior Member
 
Join Date: Aug 2009
Location: Toronto
Posts: 5,448
Mess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the rough
Default

How many lawyers and judges have you watched using this software? How do you know they are all incompetant? What is the error you see them doing over and over?

My lawyer doesn't do the calculations. The senior law clerk does. She has over 15 years experience, and learned to do this originally without software.
  #14 (permalink)  
Old 05-02-2010, 11:27 AM
dadtotheend's Avatar
Senior Member
 
Join Date: Jul 2007
Location: Toronto
Posts: 3,644
dadtotheend will become famous soon enoughdadtotheend will become famous soon enough
Default

Quote:
Originally Posted by standing on the sidelines View Post
What a nice thing to do.
And free too!!
  #15 (permalink)  
Old 05-02-2010, 11:53 AM
Moderator
 
Join Date: Oct 2005
Location: Ontario
Posts: 3,943
logicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura about
Send a message via Yahoo to logicalvelocity
Default

Additional subscription resources: (Free Demo)

Childview Home

and

DIVORCEmate Software
  #16 (permalink)  
Old 05-02-2010, 11:05 PM
Senior Member
 
Join Date: Aug 2009
Location: Mississauga
Posts: 162
Desperate_Dad is on a distinguished road
Default Spousal Support Calculator

Ok listen up guys (and girls) First a comment.

While I am sure we all appreciate the excel spousal support calculator that someone originally posted here, it is inaccurate. Here are just a few examples of why...

(1) As someone pointed out, it doesn't take into account CPP and EI which are deductions before spousal support is calculated. Remember spousal support is based on net income not gross so it is complex. Also CPP and EI deductions reduce tax payable as they are tax credits.

(2) There is also the health tax which isn't accounted for.

(3) There is also the basic personal exemption.

(4) For Ontario there is also sutaxes when your income reaches a certain level.

There is much more but it is too time consuming and complex to go into right now.

Second, here is what I dfiscovered lawyers (or law clerks) are doing wrong which can dramatically affect the correct spousal support.

(1) They are not correctly taking into account deductions for life insurance/LTD/health insurance which are deductions before spousal support is calculated. I caught both my lawyer and oppsing counsel making the same mistake. They entered it under tax deductions instead of the cash flow section

(2) They didn't take into account a tax credit she gets for ontario property tax.

(3) They completely messed up the pension (besides the spousal calculator calculates it wrong Their theory is that the tax break should be given but actual deduction not taken into account. This is completely flawed logic. It only works under one scenario - where the high income spouse has a pension and the lower income spouse has no pension. The higher income spouse is accumulating an asset where the lower income spouse is not. In this case it works. But what if both spouses have equal pension plans but one has to contribute and the other does not? It simply doesn't work because the contriburing spouse should get the deduction as well.

(4) They lump all line 101 and line 104 together. Problem is line 101 is subject to cpp and EI where line 104 is not.

Anyway that is just a few examples of how incompetent these people are. Income assessment is complex and each individual situation is different. So likely if you think you are paying too much spousal support, you probably are. I can tell you why and help you get it reversed just like I am doing for myself.
  #17 (permalink)  
Old 05-13-2010, 10:35 AM
Senior Member
 
Join Date: May 2010
Posts: 546
BitHunter is on a distinguished road
Default

Why are you working with strange excel sheets, when you can use the divorcemate software for some fee? (I guess that is used most of the time by lawyers) I've just downloaded the trial version which supposed to be a time limited version, but that should be OK as hopefully I'm divorcing only once.
I'm just waiting for the key for it. Btw, do you have a trial key so I don't have to wait for them? if yes, please send me a pm with it, I would really appreciate it!
  #18 (permalink)  
Old 05-13-2010, 03:18 PM
Senior Member
 
Join Date: May 2010
Posts: 546
BitHunter is on a distinguished road
Default

I've found this in the SSAG:
Many cases will involve combined claims for child and spousal support, where a precise determination of income is already required for child support purposes.
The starting point for the determination of income under both formulas is the definition of income under the Federal Child Support Guidelines, including the Schedule III adjustments.

So which one is this from the tax return? line 236 or 150?
  #19 (permalink)  
Old 05-15-2010, 10:47 PM
Senior Member
 
Join Date: Feb 2009
Posts: 407
mom2three is on a distinguished road
Default

Desperate Dad, pardon me if I sound crass, but if you are so well informed, why on Two posts have you stated that spousal support is based on net income. FYI, spousal support is based on GROSS INCOME of EACH SPOUSE when there is no child support and with INDIVIDUAL NET DISPOSABLE INCOME of EACH SPOUSE with child support. Huge difference depending on the familial circumstances. That fact that you have not pointed this out but continue to bash the legal field would send me packing right outta your financial advisor cubicle and trotting myself off to Mess' senior law clerk who deals with this stuff on a daily basis and has done so for fifteen years.
  #20 (permalink)  
Old 05-16-2010, 07:11 AM
Moderator
 
Join Date: Oct 2005
Location: Ontario
Posts: 3,943
logicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura aboutlogicalvelocity has a spectacular aura about
Send a message via Yahoo to logicalvelocity
Default

Quote:
Originally Posted by rszalai View Post
I've found this in the SSAG:
Many cases will involve combined claims for child and spousal support, where a precise determination of income is already required for child support purposes.
The starting point for the determination of income under both formulas is the definition of income under the Federal Child Support Guidelines, including the Schedule III adjustments.

So which one is this from the tax return? line 236 or 150?
As a starting point - line 150 amount for determination of payable CS.
Closed Thread


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
Children's bennefits Wiser2008 Financial Issues 20 01-02-2014 12:19 PM
Spousal Support - Why It Matters Divorcemanagement Political Issues 83 11-28-2013 10:38 AM
Spousal Support...good or bad.. jlalex General Chat 32 07-22-2010 06:33 PM
Spousal Support ruling OB1 Divorce & Family Law 2 07-18-2008 06:48 PM
The Concept: Standard of living gooddadgoingmad Divorce & Family Law 7 02-20-2006 10:59 PM


All times are GMT -4. The time now is 02:17 AM.