Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Financial Issues

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

Reply
 
Thread Tools
  #1  
Old 09-14-2013, 11:27 AM
plainNamedDad44's Avatar
plainNamedDad44 plainNamedDad44 is offline
Senior Member
 
Join Date: Jul 2013
Posts: 946
plainNamedDad44 is on a distinguished road
Default Canada Child Tax Benefit and Child Support - how does one effect the other ?

Hi, I think the answer may be obvious, but I am just trying to confirm.

I am paying CS and SS. I assume that these amounts will determine what she can receive from CRA as far as CCTB (Canada Child Tax Benefit) and not the other way around.

Can someone please confirm ?
Reply With Quote
  #2  
Old 09-14-2013, 02:38 PM
NBDad's Avatar
NBDad NBDad is offline
Senior Member
 
Join Date: Dec 2009
Location: New Brunswick
Posts: 2,734
NBDad is on a distinguished road
Default

CS doesn't count as income and therefore has no effect. SS MIGHT, I don't recall offhand.

Anything that effects line 150 of her return will impact CCTB.
Reply With Quote
  #3  
Old 09-14-2013, 02:57 PM
plainNamedDad44's Avatar
plainNamedDad44 plainNamedDad44 is offline
Senior Member
 
Join Date: Jul 2013
Posts: 946
plainNamedDad44 is on a distinguished road
Default

Quote:
Originally Posted by NBDad View Post
CS doesn't count as income and therefore has no effect. SS MIGHT, I don't recall offhand.

Anything that effects line 150 of her return will impact CCTB.
Can anyone confirm that CCTB will not count as part of her income ?Seems obvious that it does not.
Reply With Quote
  #4  
Old 09-14-2013, 04:04 PM
HappyMomma HappyMomma is offline
Senior Member
 
Join Date: May 2009
Location: In a very happy home.
Posts: 758
HappyMomma is on a distinguished road
Default

Quote:
Originally Posted by plainNamedDad44 View Post
Can anyone confirm that CCTB will not count as part of her income ?Seems obvious that it does not.
It does not.
Reply With Quote
  #5  
Old 09-14-2013, 10:35 PM
Mess Mess is offline
Senior Member
 
Join Date: Aug 2009
Location: Toronto
Posts: 5,448
Mess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the rough
Default

It does not. But we are just faceless people on the internet typing under made-up names.

Read the Family Law Act - Child Support Guidelines. It is all explained there. If some terminology confuses you, feel free to ask for clarification.
Reply With Quote
  #6  
Old 09-15-2013, 08:06 PM
FrustratedPartner FrustratedPartner is offline
Member
 
Join Date: Aug 2013
Posts: 57
FrustratedPartner is an unknown quantity at this point
Default

If child support doesn't count as income, then why does my accountant ask how much I received in child support every year?

I could swear it got added to my income last year!
Reply With Quote
  #7  
Old 09-15-2013, 08:13 PM
Mess Mess is offline
Senior Member
 
Join Date: Aug 2009
Location: Toronto
Posts: 5,448
Mess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the roughMess is a jewel in the rough
Default

Be careful that what you swear to is actually true.
Reply With Quote
  #8  
Old 09-16-2013, 08:47 AM
FightingForFamily FightingForFamily is offline
Senior Member
 
Join Date: Jan 2012
Location: Ottawa, ON
Posts: 994
FightingForFamily will become famous soon enough
Default

Quote:
Originally Posted by FrustratedPartner View Post
If child support doesn't count as income, then why does my accountant ask how much I received in child support every year?

I could swear it got added to my income last year!
It is required to be disclosed on your income taxes but it 100% does not go into any of the calculations. It's actually a little unclear on why it would be CRAs business since child support doesn't figure into either parties taxes.

So yes, your accountant needs this information. And no, it is not added to your income.

Spousal support is taxable income and would be counted in your income to determine eligibility and amount of CCTB.
Reply With Quote
  #9  
Old 09-18-2013, 02:49 PM
OrleansLawyer OrleansLawyer is offline
Senior Member
 
Join Date: Jul 2012
Posts: 1,787
OrleansLawyer is a jewel in the roughOrleansLawyer is a jewel in the roughOrleansLawyer is a jewel in the rough
Default

Quote:
It's actually a little unclear on why it would be CRAs business since child support doesn't figure into either parties taxes.
Child support payments have an impact on other government funds, for example welfare which is clawed back dollar for dollar.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The suit against FRO moves forward part1 AtALoss Divorce & Family Law 51 09-30-2013 11:01 AM
Child Tax Benefit and Child Support dad43 Financial Issues 1 05-08-2011 11:30 AM
Retroactive Child Support (Ont) Mess Divorce & Family Law 21 03-02-2010 12:41 AM
Joint Effort to Change Table Amounts of CS 350_dad Political Issues 43 12-18-2009 01:01 AM
Good Parents Pay Denisem Political Issues 34 03-08-2007 09:16 AM


All times are GMT -4. The time now is 12:23 AM.