eTransfer

A

AikidoWins

New member
Hello,

Hope everyone had a great holiday--


Question-- I am currently providing child support to my ex.. We are not going through FRO, and I have been giving lumps of money and getting receipts. I wanted to start eTransfer the money instead of handing her cash. Is there anyone else that is using this method? Is there anything I should be aware of? Do I still ask for a receipt?

Thanxs
 
Its extremely easy. If you both bank at the same back it takes seconds and you can do it from your phone. I can print off records for years back with the information on it. I would highly recommend this way of sending the money. You can do an interact e-transfer and I think that has a small fee for going between different banks but I am not positive on that one. I do not get a receipt as I have an electronic copy of the transaction.
 
AikidoWins said:
Hello,

Hope everyone had a great holiday--


Question-- I am currently providing child support to my ex.. We are not going through FRO, and I have been giving lumps of money and getting receipts. I wanted to start eTransfer the money instead of handing her cash. Is there anyone else that is using this method? Is there anything I should be aware of? Do I still ask for a receipt?

Thanxs
Click to expand...
I would also her to confirm via email all the moeny she got from u in cash before you give her anymore.
 
it can cost to do,the etransfer. Not much usually 1-1:50 vut you need to know,that, as if tour ex ovjects you may have to pay the e transfer costs.
 
I don't recommend this. The information on the e-transfer receipt was not sufficient for a cra audit. The email address was not sufficient for them to be the payee. And as my husband sent one transfer for both CS and SS they barked about how much each was (despite having an order clearly outlining how much each was and the transfer having the total of both monthly payments).

We gave cheques. For each one. No cost to us. And a very clear paper trail. Payee is also not in question.
 
Serene said:
I don't recommend this. The information on the e-transfer receipt was not sufficient for a cra audit. The email address was not sufficient for them to be the payee. And as my husband sent one transfer for both CS and SS they barked about how much each was (despite having an order clearly outlining how much each was and the transfer having the total of both monthly payments).

We gave cheques. For each one. No cost to us. And a very clear paper trail. Payee is also not in question.
Click to expand...

Wow! Did they not credit him for spousal support tax break then and did he accept it lying down?
 
Serene said:
I don't recommend this. The information on the e-transfer receipt was not sufficient for a cra audit. The email address was not sufficient for them to be the payee. And as my husband sent one transfer for both CS and SS they barked about how much each was (despite having an order clearly outlining how much each was and the transfer having the total of both monthly payments).

We gave cheques. For each one. No cost to us. And a very clear paper trail. Payee is also not in question.
Click to expand...

I know CRA is very fussy about SS, because it's taxable and deductible, so cheques make sense, but if the only money changing hands is CS (which CRA is not interested in), an e-transfer is probably the easiest way to go. I have an automatic withdrawal set up which provides proof that a specific amount was withdrawn from my account on a specific day and deposited in the ex's. And I don't even have to think about it - it's nice not to have to write a pile of cheques.
 
Wow! Did they not credit him for spousal support tax break then and did he accept it lying down?
Click to expand...

Yes he did, but not before they reversed the credit for the spousal, sent us a bill and it caused a shit storm of paperwork. The bank also wanted a lot of money to get the information on the receipts per the way that CRA wanted it. At one point they said they couldn't release the name of who we sent them money to because of the privacy act and therefore CRA wouldn't accept the receipt... truth be told, when you send an e-transfer you only SEND it to someone, it can be paid to anyone (or so they say).

It was a lot of work in the end. It stressed us out and took up way too much time.

I know CRA is very fussy about SS, because it's taxable and deductible, so cheques make sense, but if the only money changing hands is CS (which CRA is not interested in), an e-transfer is probably the easiest way to go. I have an automatic withdrawal set up which provides proof that a specific amount was withdrawn from my account on a specific day and deposited in the ex's. And I don't even have to think about it - it's nice not to have to write a pile of cheques.
Click to expand...

Spousal is almost over for my husband. We are looking forward to having more free income every month. Although, I have to say, we are both anxious on how she will be when it ends.... if she isn't nice now, and she is not, I don't suspect that things will improve. She still isn't working...
 
For CS, yes. You don't need to be using the same bank as a previous poster had suggested.

Email money transfer costs 1.50 each, make sure to note in the memo field 'child support for January ' and if you make more than one payment per month also note 'payment #1 of 2'.

You get an email confirmation as soon as the other party accepts, make sure you keep and file them.
 
I used interac e-transfers until recently when my ex decided to go through the FRO to spite me. It worked well for three years, but my bank would only allow $1000 max per day, so I had to spread the payments out over three days. I used this service, because at the time my bank was going to charge $25 each month to wire or transfer the money. For the CRA, I had to get my ex to sign off as evidence saying she had been paid. I actually prefer the FRO now. I pay them in one shot with an automatic recurring withdrawal, just like paying other online bills and at no charge.
 
The sender pays the $1.50 fee, so you don't need to pay extra $0.25 to your ex. :)
I was audited too, and there was no problem with the printout of the emt transfers.
 
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