Here is exactly how it was worded:
Commencing XXXXX X, 201X, both parties shall move to a set-off child support arrangement. Based on current taxation year figures and incomes, XXX’s shall make a monthly payment of$XXX per month to XXX.
Based on current taxation year figures and incomes, YYY shall make a monthly payment of $YYY per month to YYY.
For convenience, XXXX agrees that YYYY does not need to write a separate cheque and that XXX will simply make a monthly payment of $YYY to XXXX, which will fulfill both of their support to one another.
The parties agree to exchange financial information in ZZZZ of each year in order to determine if the current set-off amount is accurate or requires appropriate amendments.
***Really hope this is helpful to someone here. Basically, follow this or as close to this as it mimics the CRA website. The CRA said this allows enough specification yet ambiguity to satisfy their concerns.***
***They also said that an agreement does not have to be submitted yearly despite change of income/etc. This is to happen between the parties (which makes sense)***
***The CRA also said to make sure that each document is witnessed and is verifiable***
Again, hope this helps. Any other questions, ask away.
Commencing XXXXX X, 201X, both parties shall move to a set-off child support arrangement. Based on current taxation year figures and incomes, XXX’s shall make a monthly payment of$XXX per month to XXX.
Based on current taxation year figures and incomes, YYY shall make a monthly payment of $YYY per month to YYY.
For convenience, XXXX agrees that YYYY does not need to write a separate cheque and that XXX will simply make a monthly payment of $YYY to XXXX, which will fulfill both of their support to one another.
The parties agree to exchange financial information in ZZZZ of each year in order to determine if the current set-off amount is accurate or requires appropriate amendments.
***Really hope this is helpful to someone here. Basically, follow this or as close to this as it mimics the CRA website. The CRA said this allows enough specification yet ambiguity to satisfy their concerns.***
***They also said that an agreement does not have to be submitted yearly despite change of income/etc. This is to happen between the parties (which makes sense)***
***The CRA also said to make sure that each document is witnessed and is verifiable***
Again, hope this helps. Any other questions, ask away.
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