76. Why Your Income for Taxes May Not Be Your Income for Child Support (or Spousal Support)


Why Your Income for Taxes May Not Be Your Income for Child Support (or Spousal Support)

Parents who pay child support, and some parents who receive child support, are can be very surprised, when a judge, arbitrator, or lawyer acting as a family law mediator, say that a parent’s income for child support is NOT the same as the total income on their tax return on which they pay taxes.  This is particularly true when the parent is self-employed, or earns their income by means other than a salary such as through dividends or capital gains.  The different way for calculating income for child support can have a significant impact on the amount of child support that is paid.  It also affects spousal support, although that can be in even more complicated.  

Since income for support can be income for taxes, and since a listener asked, in this episode of the Ontario Family Law Podcast, the host, Certified Specialist in Family Law, John Schuman,  explains how Family Law adjusts income when dealing with support.  Everyone is paying or receiving support where one parent or spouse earns income that is not reported on a T4, should pay attention to this episode to make sure the amount of support is right!

If you found this episode helpful, check out these other episodes on similar topics:

66 – How to Change Child Support

57 – Could I Have to Pay Child Support to My Spouse’s Ex? 

54 – Child Support Does Not End at Age 18

53 – How to Pay Less Child Support

47 – How COVID-19 Affects Child Support and Spousal Support

44 –  Can you Be Better Off Financial If You Divorce?

40 – How to Keep Your Money in Separation and Divorce

34 – Disclosure in Family Law Cases

30 – Spousal Support Entitlement 

13 – Spousal Support in Ontario and Canada

11 – Child Support’s Special and Extraordinary Expenses

10 – Child Support in Ontario/Canada – Who Pays and How Much?

Contact Us

To contact John Schuman, Certified Specialist in Family Law, call 416-446-5847, email him at john.schuman@devrylaw.ca, or use the form on this page.

Contact Form Fluent Form (#6)