Hello,
I was wondering if anyone could tell me how the CCB in Ontario is applied when looking at the split of sec 7 expenses.
My partner's ex gets $502 monthly for CCB (he allowed her to keep the benefit regardless of shared custody and doesn't claim it).
The children's special expenses that are tax deductible would be before and after day care, March break camps and Summer camps.
Can anyone tell me if the CCB is looked at as income when determining the proportionate share of the expenses or is it taken off the total of tax deductible expenses such as day care considering it's a benefit?
I know that in the past, the UCCB was not looked at when determining expenses but that changed when the CCB came into place in 2016 as tax free.
The lines are muddy when I look at the guidelines so I'm wondering if anyone has encountered this and how it was taken into account?
Thank you!
I was wondering if anyone could tell me how the CCB in Ontario is applied when looking at the split of sec 7 expenses.
My partner's ex gets $502 monthly for CCB (he allowed her to keep the benefit regardless of shared custody and doesn't claim it).
The children's special expenses that are tax deductible would be before and after day care, March break camps and Summer camps.
Can anyone tell me if the CCB is looked at as income when determining the proportionate share of the expenses or is it taken off the total of tax deductible expenses such as day care considering it's a benefit?
I know that in the past, the UCCB was not looked at when determining expenses but that changed when the CCB came into place in 2016 as tax free.
The lines are muddy when I look at the guidelines so I'm wondering if anyone has encountered this and how it was taken into account?
Thank you!
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