Business type - income & support payments

[sahibjee]

Why not just simply wait until your divorce is final and then incorporate a little while later (around a year to be safe IMO)? As mentioned before, she would have to reopen SS to somehow drag in the extra income and prove entitlement to it. Your argument it was a post divorce idea and that you are already maintaining what your payments based on your incomes during the marriage.

perhaps that's the best route.

[FaithandMorals]

perhaps that's the best route.

I say go BIG. Do it now, and let us know what happens. I will even provide the popcorn?

Not meant mean, meant for you to really think about this.

[hadenough]

I'd like some popcorn. It's been awhile since I've had some... Popcorn... Lol.

[FaithandMorals]

there is no "would have still have to", I am already doing that. if you read some of my earlier posts in other threads, i started paying CS THE DAY we broke up, even before she filed the case in court.
that would be true if i intended to take something away from them that i am already providing them, which is not. i am already paying CS, and there is no reason why that should stop or reduce.

http://www.ottawadivorce.com/forum/f...tml#post108366

read the last part of this post. burns your argument to ashes.

Speaking of arguments and ashes, I just reviewed what you wrote at the very start of this thread. I found these parts particularly enlightening as to your real intent.

"
Days before we broke up i was working on a project that i intended to launch had most of the stuff figured out but then shit hit the fan and .... ,anyways now i want to get back on track, but since now support payments are in the picture i need some help figuring the below out.

There are going to be two companies
1- technology services
2- Endowment fund

1- Technology services: The idea is to provide some technology services, out of the profits ~70% will go to an endowment fund (separate entity) for charitable organizations, ~30% will be income for me.

the users will outright know that its a for profit business, but they will also be informed the majority of profits from the business are forwarded to an endowment fund company for charitable organizations

now what i am left wondering is how do i register this *business* so that the 70% given away is not added to my annual income

2- Endowment fund: from the 100% of fund the endowment board will purchase franchises (any business, subway, tims, aldo etc), and 100% of the income from the franchises will go to support charitable organizations.

how do i setup this *fund company* in order to have 0% of this into my annual income since I will be receiving no money at all.

Important: i never want to hand her over any of the financial documents of any of these *businesses*

the ex was fully aware of my plans and i had exchanged some emails with her regarding the technology patent i was looking for. i am sure as soon as i register the businesses the witch hunt to increase support will start."

Aside from the points in bold, I can't help but think this might the angle you are really after....... CRA - Donations and donors - Tax savings - How do I calculate my charitable tax credits? If true, I can only hope for your kids.

[hadenough]

"Important: i never want to hand her over any of the financial documents of any of these *businesses*"

Nooooooooo, THAT ^ doesn't sound shady, underhanded or deceptive at all, does it???

[arabian]

Quite the philanthropist eh?