SS Payment

[oink]

Mysupport calculator is showing me a low end $198 and median $590 payment based on 9yrs marriage

My question: What will be a reasonable starting offer point for $$/yrs?

I am hoping to not go more than 4.5yrs, but will like to start lower. STBX has a full-time job, and the only reason for the offer is because we've had to move twice because of me

 

[NBDad]

How much do you make? How much does the ex make? Any kids? Current access arrangements?

Don't pay squat without entitlement. The second you so much as offer, you'll lose the ability to argue it.

Offer low end for min. Duration, that way when you wind up somewhere in the middle, ex can feel like they've won something. For Gods sake put a firm termination date knit if you go that route.

 

[oink]

How much do you make? How much does the ex make? Any kids? Current access arrangements?

Don't pay squat without entitlement. The second you so much as offer, you'll lose the ability to argue it.

Offer low end for min. Duration, that way when you wind up somewhere in the middle, ex can feel like they've won something. For Gods sake put a firm termination date knit if you go that route.

There is 40k difference between our pay, 1 child of the marriage (5yrs) and the access arrangement current (in-house separation) is equal

I am just trying to be up front and reasonable with CS and SS, so it doesn't look like my intentions (primarily 50 - 50 access based on historical and current status quo) doesn't look like one based on money (which is what stbx is motivated by)

 

[NBDad]

I'll ballpark you some numbers here...

Assuming you make 80K and the ex 40K, 1 child and in Ontario, w/ 50-50 access...meaning offset CS

You'd pay the ex $364 month for CS or 4368/year. (your CS (724) less STBX CS (360) )

as per CS Online Calculator

Your net = 64450 (approx.) (80000 less 14550 in taxes)
STBX Net = 34000 (approx.) (40000 less 6000 in taxes)

approx. values as per CRA Income Tax tables

Total combined income = 98450 (your net + ex's net)
YOUR TOTAL = Net - CS (61082)
STBX TOTAL = Net + CS (38368)

CURRENT Net Disposable Income:

You: 62% of total
STBX: 38% of total

The SSAG guidelines WITH children would indicate your ex should be between 41 and 46% NDI.

41% of 98450 = 40374.50
46% of 98450 = 45287.00

40374.50 - 38368 = 1996.5 / 12 = 166.37 /month (low range)
45287.00 - 38368 = 6919 /12 = 576.58 /month (high range)

She's very very close to the min. range of not even meeting the financial aspect of entitlement. Like sub 2K/year.

But if you look at the figures here, you can at least get a rough idea of what you are in for. My numbers are fairly close to what you are getting out of My Support calculator, so they look to be at least in the right direction. My info doesn't account for the included income tax breaks/etc either, which may account for the slight variations.

You would have an argument against spousal, considering she is sub 2000 away from the low end of entitlement.

Personally I would offer her low end, with minimal duration (with a FIRM termination date) and settle for mid range (mid 300's), w/ minimum duration.

I wouldn't do 9 years...I would stick firm to 4.5 at most.