Hello,
I've scoured this forum to try and find an answer to my question with no luck, so here it goes:
Background:
1. I was separated in December a number of years back
2. I paid child support from day one according to the tables
3. My income goes up and down and we didn't really stay on top of adjustments
4. We're going through the process of adjusting (it sort of balances out with the ups and downs, so not really off that much)
Question:
If you exchange T4, T1 and NOAs in June of each year should the child support adjustment be from July of that same year, then adjust each July going forward?
Should the adjustment ever go back to January of that same year? (From what I can tell this should not occur)(i.e. if we exchange June 2014 should we adjust to Jan 2014)
Or Should you adjust the following January allowing for any reassessments to take place, meaning that for Calendar year 2015 I would be paying based on my 2013 income?
Thanks,
Ottawa2
I've scoured this forum to try and find an answer to my question with no luck, so here it goes:
Background:
1. I was separated in December a number of years back
2. I paid child support from day one according to the tables
3. My income goes up and down and we didn't really stay on top of adjustments
4. We're going through the process of adjusting (it sort of balances out with the ups and downs, so not really off that much)
Question:
If you exchange T4, T1 and NOAs in June of each year should the child support adjustment be from July of that same year, then adjust each July going forward?
Should the adjustment ever go back to January of that same year? (From what I can tell this should not occur)(i.e. if we exchange June 2014 should we adjust to Jan 2014)
Or Should you adjust the following January allowing for any reassessments to take place, meaning that for Calendar year 2015 I would be paying based on my 2013 income?
Thanks,
Ottawa2
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