Hi Everyone.
Thanks for all the good info this board. I have read the pinned info on Post Secondary financial issues. Thanks to the posters for all the hard work with that thread.
I have a kid in grade 12 and going off to Uni. I pay the table CS each month. We were never married and went through a family mediator to create an separation agreement. The post secondary info is vague as it was created 15 years ago. We have never updated it.
Here is what i gather, if my kid stays at home while in University I still have to pay CS. Question: Do I have to pay table amount or some reduce amount? How is this figured out?
For the Post secondary amount, I am going to ask for the 1/3 payment schedule. EX and I will split the net cost of the standard items attached to going to school. I can use the RESP I created to pay for my share of the expenses. Question: If there is nothing in our separation agreement, how do I get ex to agree to the 1/3 1/3 1/3 payment model? What if she refuses, what recourse do I have?
How do I ask about finding out how much tax they get back to find out the true NET cost of school? This seems like a tricky question for me to broach? Any suggestions?
I gather the rules are CS stops after the first degree is obtained. For example if it a College 2 year degree CS would stop? And if it was a four year University degree then CS would stop? When does the age of 22 come into play?
I am trying to get my facts straight before meeting with ex. We don't have any of this in writing. I wonder if I should try to get this in writing up front? Talking about money always ends poorly with us.
But getting lawyers involved cost three times as much so we are going to need to do this on our own.
Any other advice or suggestions are appreciated.
I am grateful the my kid is about to go to school. I am grateful for this board.
Thanks,
HW
Thanks for all the good info this board. I have read the pinned info on Post Secondary financial issues. Thanks to the posters for all the hard work with that thread.
I have a kid in grade 12 and going off to Uni. I pay the table CS each month. We were never married and went through a family mediator to create an separation agreement. The post secondary info is vague as it was created 15 years ago. We have never updated it.
Here is what i gather, if my kid stays at home while in University I still have to pay CS. Question: Do I have to pay table amount or some reduce amount? How is this figured out?
For the Post secondary amount, I am going to ask for the 1/3 payment schedule. EX and I will split the net cost of the standard items attached to going to school. I can use the RESP I created to pay for my share of the expenses. Question: If there is nothing in our separation agreement, how do I get ex to agree to the 1/3 1/3 1/3 payment model? What if she refuses, what recourse do I have?
How do I ask about finding out how much tax they get back to find out the true NET cost of school? This seems like a tricky question for me to broach? Any suggestions?
I gather the rules are CS stops after the first degree is obtained. For example if it a College 2 year degree CS would stop? And if it was a four year University degree then CS would stop? When does the age of 22 come into play?
I am trying to get my facts straight before meeting with ex. We don't have any of this in writing. I wonder if I should try to get this in writing up front? Talking about money always ends poorly with us.
But getting lawyers involved cost three times as much so we are going to need to do this on our own.
Any other advice or suggestions are appreciated.
I am grateful the my kid is about to go to school. I am grateful for this board.
Thanks,
HW
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