Announcement

Collapse
No announcement yet.

Child Support based on Income?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Child Support based on Income?

    When calculating income is it box 40 on T4s or line 150 in tax form?

    Have a full time job and a part-time personal home business.

    First year in business, lost money.

  • #2
    For the self employment, income is calculated different. There are certain expenses you can deduct.

    For employment income, its line 150.

    Comment


    • #3
      How is the income calculated for the self employed? On the same boat, but self employed and owner of business that runs on minus it's in infancy state, it's against a big debt, will take years to go on positive.

      Comment


      • #4
        Presumably your ex is getting an income. Just because he claims business losses doesn’t mean he isn’t taking income. Otherwise they should go get a job and close the business.

        Comment


        • #5
          I am the one in cause, overworking to keep the door open of the business in the hope will become productive.

          Comment


          • #6
            Are you looking for off set support with a 50/50 situation?

            Do you have a timeline for when it will start making money?

            If you have been running it in the red for a few years with no expectation of getting out of debt your ex could argue you have skills and abilities to get a job outside of the home so to speak.

            Comment


            • #7
              This os the second year, first year towards the end was separation date as well and the business was open. I understand. Thank you.

              Comment

              Our Divorce Forums
              Forums dedicated to helping people all across Canada get through the separation and divorce process, with discussions about legal issues, parenting issues, financial issues and more.
              Working...
              X