I am pushing ahead and there are a few things i can't figure out.....
Foremost is the issue of incomes used for support calculations, figuring line 150 average over the last three years is the usual way and finally how are one time type of income (from sale of stocks or possibly RRSP withdrawals) that are significant enough to affect the line 150 average.
Are these one time type items excluded from the calculations as they were indeed one time things not to be repeated in the future? Can anyone let me know what is normally done? Yes I have tried speaking with her on these things and up to now she choses to not communicate.
I do have a chance to withdraw 15-20k from my rrsp to cover potential legal without needing to pay income taxes on the amount withdrawn if I take it before the end of the year (and I would end up parking it in my TFSA account so I will not need to pay tax on any earnings in the future)- but I am worried on how it may potentially affect the support calcualations when that time comes. Legal fees will need to be paid and this is the only way I can get the cash for it. Does anyone have an understanding how something like this is typically handled???
Foremost is the issue of incomes used for support calculations, figuring line 150 average over the last three years is the usual way and finally how are one time type of income (from sale of stocks or possibly RRSP withdrawals) that are significant enough to affect the line 150 average.
Are these one time type items excluded from the calculations as they were indeed one time things not to be repeated in the future? Can anyone let me know what is normally done? Yes I have tried speaking with her on these things and up to now she choses to not communicate.
I do have a chance to withdraw 15-20k from my rrsp to cover potential legal without needing to pay income taxes on the amount withdrawn if I take it before the end of the year (and I would end up parking it in my TFSA account so I will not need to pay tax on any earnings in the future)- but I am worried on how it may potentially affect the support calcualations when that time comes. Legal fees will need to be paid and this is the only way I can get the cash for it. Does anyone have an understanding how something like this is typically handled???
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