Mediation parenting time agreement and child support

[blinkandimgone]

The money comes back at the end of the tax year.
If I had 1 job that paid 50K I would pay the same tax rate as someone that had 2 jobs paying 50K.

In the past I have asked that I not be taxed on my paycheck because I would be getting it back anyways. I signed a piece of paper for the accountant and I was all good.
Having 2 jobs shows a lot of character but the stress levels alone would have me say to avoid it but people do what they need to.

Except that you don't. You'd pay tax based on 25k earnings at each job, not the higher tax rate you owe for one single 50k job. Neither job is privy to the amount of taxes you get deducted at the other job so you would need to make a point of asking either one job to take off substantially more tax deductions, or both jobs to take off more tax deductions. Without doing this, you've paid the tax rate for a 25k earner across the year and owe taxes at the end of the year.

Marginal tax rate on a 50k job is 35% ($17,500) vs 25% ($6250) on a 25k job. Paying 25% on a combined total of 50k ($12,500) leaves you with a shortfall and OWING money at the end of the year, not getting it back. It's basic math.

[noteasy]

Except that you don't. You'd pay tax based on 25k earnings at each job, not the higher tax rate you owe for one single 50k job. Neither job is privy to the amount of taxes you get deducted at the other job so you would need to make a point of asking either one job to take off substantially more tax deductions, or both jobs to take off more tax deductions. Without doing this, you've paid the tax rate for a 25k earner across the year and owe taxes at the end of the year.

Marginal tax rate on a 50k job is 35% ($17,500) vs 25% ($6250) on a 25k job. Paying 25% on a combined total of 50k ($12,500) leaves you with a shortfall and OWING money at the end of the year, not getting it back. It's basic math.

At the end of the year you pay the same amount of tax. Period. Here are 3 solutions people of moderate intelligence can employ to avoid this perceived shortfall:
-Ask their work to take more taxes of their check
-Pay the CRA in installments as the year progresses.
-figure out how much tax extra tax per paycheck they will have to pay at the end of the year and put that money in the bank each paycheck.

On top of that there are dependent credits (if you do the CS right) and other tax credits related to children that can be applied to greatly offset the amount owing at the end of the year.
It isn't like this is the OPs first rodeo.

It is absurd (even offensive) that people are advising others to earn less so they don't have to pay as much child support, imply they pay a different amount of tax or that they will end up earning no extra money after taxes and child support increase.

The only relevant factor or danger that may or may not be a factor to consider is "if I quit this extra part-time gig will a judge impute an extra income on me" but so far no one has posted case law on that. Knowing is so much better than guessing.

OP what do you think?

[rockscan]

At the end of the year you pay the same amount of tax. Period.

No you have paid tax on your weekly pay cheques at a certain rate calculated by your income from that source.

At the end of the year your total income from all sources goes through the calculations and the income tax you paid weekly is subtracted from the tax owing. It's right at the top of page 4 of the tax form.

Here are 3 solutions people of moderate intelligence can employ to avoid this perceived shortfall:
-Ask their work to take more taxes of their check
-Pay the CRA in installments as the year progresses.
-figure out how much tax extra tax per paycheck they will have to pay at the end of the year and put that money in the bank each paycheck.

1 is true. 2 is stupid. 3 is something people should do anyways except it's save for any unexpected outcomes. You can also open an RRSP, donate to charity, get some education claim things like property tax, medical expenses and transportation credits.

On top of that there are dependent credits (if you do the CS right) and other tax credits related to children that can be applied to greatly offset the amount owing at the end of the year.

Only if entitled!

It is absurd (even offensive) that people are advising others to earn less so they don't have to pay as much child support, imply they pay a different amount of tax or that they will end up earning no extra money after taxes and child support increase.

Well technically if you don't want to pay more cs then no you shouldn't earn more money. You earn more you pay more and since there was an argument about how unfair things are, why create more issues?