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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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  #11  
Old 09-20-2021, 07:49 PM
rockscan rockscan is offline
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Quote:
Originally Posted by Stillbreathing View Post
Actually Rocksan isnt totally correct. Interest on investments can indeed be counted as income. It depends on the individual situation. In my case my ex has millions invested and lives off the interest and dividends generated by his investments, therefor that is counted as income.

That was my example as living off interest that is high being considered income. 100 grand doesnt return much as I have that much invested and the money I get back is simply reinvested, I never see it and I definitely couldnt live off it!


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  #12  
Old 09-20-2021, 08:53 PM
pinkHouses pinkHouses is offline
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It is still income though.
The CRA doesn't say "oh, it is only $2K in interest you got so we will not count it".
If the money is sitting in the bank doing nothing then that is messed up, it like being underemployed. It might even be double what I say.

I will hope to ask the question and hope a judge catches on, I will check with a lawyer too if I talk to one.
Maybe it all went into TFSA, RRSPs and stocks they didn't get a return from yet.
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  #13  
Old 09-21-2021, 07:05 AM
rockscan rockscan is offline
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It would show up on their T1 which you would see if they provide it.

Truly though, you need to ask yourselfis a $20 change in support worth thousands in legal fees? Not to mention it makes you look petty and unreasonable.
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  #14  
Old 09-29-2021, 12:04 AM
pinkHouses pinkHouses is offline
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It isn't costing me and I am thinking it is at more like $100 a month in child support.
There is only so much a person can take being cheated; it has to stop sometime.
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