Does anyone know in what circumstance it is best to calculate child support based on the average of the previous 3 taxation years?
According to the guidelines (which I read a while back, now I cannot find a working link) I recall it being when the yearly incomes are inconsistant.
Would this apply to a year when the payor had lost his job and was unemployed for half the year? (Yet continued to pay support in the previously ordered amount based on his previous year's income.)
I guess what I'm asking is... which way is the "correct" or "right" way to calculate:
1. Calculate support based on the previous year's total income, despite the drastically reduced income due to unemployment; or
2. Calculate support based on the average income of the previous 3 taxation years (2 years fully-employed and 1 year part-time employed due to unemployment).
Any thoughts? Any knowledge on links or resources where I could find this information?
Thank you kindly in advance.
According to the guidelines (which I read a while back, now I cannot find a working link) I recall it being when the yearly incomes are inconsistant.
Would this apply to a year when the payor had lost his job and was unemployed for half the year? (Yet continued to pay support in the previously ordered amount based on his previous year's income.)
I guess what I'm asking is... which way is the "correct" or "right" way to calculate:
1. Calculate support based on the previous year's total income, despite the drastically reduced income due to unemployment; or
2. Calculate support based on the average income of the previous 3 taxation years (2 years fully-employed and 1 year part-time employed due to unemployment).
Any thoughts? Any knowledge on links or resources where I could find this information?
Thank you kindly in advance.
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