Hi -
I'm the support payer in Ontario, payments have been deducted from the start via FRO. I experienced health problems in 2014, and fell about $9,000 behind in support, I missed 3 months of work; however, child support was fully paid for 2014.
In 2015, I had a good year, and the FRO deducted support at 50% of net for the entire year.
Over 24 pay periods I paid $6,000 in arrears for the year, (24 PP X $250 a month). All support for 2015 was paid.
(The $3,000 that was still owing in 2016 for 2014 has since been paid off, from a year end bonus cheque I received in early 2016.)
I filed my taxes for 2015 and put down the full amount of support paid: child support + regular spousal support + support arrears. This adds up to just under $50,000.
Do I need to file something else to let the tax man know that there is back support in the amount? I assume that re-payment of spousal support arrears will provide me tax credits?
Anyone else been through this?
I'm the support payer in Ontario, payments have been deducted from the start via FRO. I experienced health problems in 2014, and fell about $9,000 behind in support, I missed 3 months of work; however, child support was fully paid for 2014.
In 2015, I had a good year, and the FRO deducted support at 50% of net for the entire year.
Over 24 pay periods I paid $6,000 in arrears for the year, (24 PP X $250 a month). All support for 2015 was paid.
(The $3,000 that was still owing in 2016 for 2014 has since been paid off, from a year end bonus cheque I received in early 2016.)
I filed my taxes for 2015 and put down the full amount of support paid: child support + regular spousal support + support arrears. This adds up to just under $50,000.
Do I need to file something else to let the tax man know that there is back support in the amount? I assume that re-payment of spousal support arrears will provide me tax credits?
Anyone else been through this?
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