Someone mention in passing today that there is talks of Child support being deductible with the CRA? Anyone can confirm or deny this
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Is it true...CS to be deductable to the payor
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Also: If children are involved, CRA *requires* you to inform them of the amounts paid for CS as well as SS, because as far as CRA is concerned dollars paid go FIRST to satisfy the CS obligation, and THEN to SS.
This is consistent with their "children come first" policy.
Example: If you inform CRA only of the amount you paid for spousal support but you also pay child support, CRA will credit the money you paid for spousal support against your child support obligation first...and will not necessarily assume that you paid *any* spousal support...and you won't see a tax break for the spousal. That's why they ask for both amounts.
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