User CP
New posts
Advertising
|
Financial Issues This forum is for discussing any of the financial issues involved in your divorce. |
![]() |
|
Thread Tools |
#1
|
|||
|
|||
![]()
Paying CS table amount religuosly every month based on annually full disclosure of my income. July was the annual adjustment. I use the new Minister of Justice website tables, Ex uses lawyers divorcemate. The result is there's a difference in amounts every year.
Upon review, each year I advise Ex that divorcemate calculations are erroneous due to missing information and lack of proper calculations of deductions not being applied. she refuses to revise or recalculate. Regardless, For sake of argument and to be reasonable, I propose splitting the difference and then begin making payments. She threatens me that I MUST pay what her lawyers calculated CS amount vs table amount I use on Justice website or she will report me to FRO and further states that I'm in arrears for the difference from all past years based on this same scenario. Question: Would FRO actually action this? Do they take her word over mine? Does her lawyers calculations trump the Justice Guideline Table amounts? Or would they advise EX to work it out with each parties lawyers for any adjustments that may be applicable?? Am I to be held captive under my Ex's constant threats of FRO? Suggestions/advice please? |
#2
|
||||
|
||||
![]() Quote:
FYI: If you make over 150,000 the table from the justice guidelines screw up. |
#3
|
|||
|
|||
![]()
Thanks Taken...
to clarify, our SA states that "table amount" shall be paid monthly....to which I believe that I've upheld in adhering to the Justices table guidelines. Is the SA sufficient as an "court order" or did you mean a full motion filed to obtain a new court order for an adjusted amount of CS??? TIA |
#4
|
|||
|
|||
![]() Quote:
Quote:
If you have an old agreement for an amount she can have that turned into an order for FRO to recover. Otherwise she will need a new order. If she disagrees with the amount and claims arrears she would need to file a motion to change which you can then respond to. I would simply advise that your income is X and therefore your CS is Y. Section 7 expenses are split in accordance with income less the tax benefits. If she disagrees she is welcome to attend mediation or seek an order from the court. But I would double check the numbers if you are self employed. Judges don’t accept some of the deductions to self employment income and that may be where the disagreement comes from. |
#5
|
||||
|
||||
![]()
Assuming your numbers are correct, then FRO is not a major threat. She either registers or does not, it should not affect you much either way.
|
#6
|
|||
|
|||
![]()
As I have said many times before, Lawyers and Judges know nothing about financial calculations. Regardless of whether you are using Divorcemate or the Minister of Justice Tables, the amount of child support should be the same. This means you must be using different income amounts. Based on your description of not taking into account deductions, you must be self employed (likely incorporated)
divorcemate calculations are erroneous due to missing information and lack of proper calculations of deductions not being applied. she refuses to revise or recalculate. Likely her lawyer is just inputting line 150 into the Divorcemate calculation (which is wrong) which is causing the discrepancy. There must have been some agreement as to how your income would be calculated. On the surface, it sounds like you are right. I could calculate your correct income for you but I'd need your tax documents to do so which you may not be willing to provide. A final point and I've said this many times before. Divorcemate is garbage. The program has numerous errors in it and the problems are compounded by lawyers not knowing how to input financial information properly. Accountant. |
#7
|
|||
|
|||
![]()
Is divorcement appropriate just for people with straight wage income then, and not the self employed? How would you recommend figuring out how to make the calculations if can’t use divorce mate?, should people hire an accountant. We have just used the table tables but then that is for a regular wage
|
#8
|
|||
|
|||
![]() Quote:
If you have a regular wage then you use line 150. Self employed people have a different income than regular T4 people. |
#9
|
|||
|
|||
![]()
So do self employed people then need to share the entire tax form instead of just the notice of assessment, to prove what their expenses were?
|
#10
|
|||
|
|||
![]()
Line 150 is not income for salaried people or self employed people. Yes I know the fraudulent guidelines say so but this been proven to not be true. Here is an example.
Line 150 includes RRSP cashouts. Lets say to pay lawyers fees one person cashed out RRSP's and the other person borrowed from a line of credit. One causes line 150 to be higher and the other one has no effect. Should the person who cashed out RRSP's have a higher income? Of course not. I have written many posts about self employed income on this site. You should search them out. Divorcemate has several issues and I assure you it is not the only accurate calculator. It is inaccurate like the rest of them. I found it ironic that in their last News and Notes, they finally fixed an error that I told them about 10 years ago. The bigger problem is lawyers don't know how to input the financial information correctly and they use the wrong financial information. GIGO (garbage in garbage out). The information an accountant would need would be as follows: First 4 pages of the last two T1's Notice to Reader Balance Sheet and Income Statement for the last two years T2 Schedule 1 for both years (this reconciles profit for accounting purposes to profit for tax purposes). It gets rid of personal expenses out of the business T2 Schedule 8 (this is the depreciation statement - this will ensure the corporate owner isn't jacking up Capital Cost Allowance unreasonably to reduce income) Percentage of voting shares the shareholder owns in the corporation All this information is needed for all corporations. Many shareholders own a holdco as well or could have multiple opco's. The revised profit would be an imputed dividend You can choose any FYE you want for a corporation so you need an accountant to match things up properly to the T1 to get the proper corporate salary. If you have a lawyer or a judge try to figure this out, this happens https://nationalpost.com/opinion/chr...to-his-ex-wife I know this guy personally and he got screwed royally. I've seen all the financial information on this case and the Judge and lawyers didn't have the foggiest clue what they were doing. |
![]() |
«
Previous Thread
|
Next Thread
»
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Cease Action | Roni | Divorce & Family Law | 2 | 07-12-2011 06:43 PM |
FRO Enforcement Action? | Nadia | Financial Issues | 12 | 04-08-2010 09:45 AM |
FRO Enforcement Action? | Nadia | Financial Issues | 4 | 03-08-2010 02:38 PM |
notification of court action | willowtree | Introductions | 0 | 12-21-2009 11:36 AM |
I refused to pay costs of Divorce action | Panda | Financial Issues | 11 | 01-29-2009 06:38 PM |
All times are GMT -4. The time now is 12:59 PM.