89 – Can Child Support Be Reduced for High Income Earners?
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Exploring the Possibility of Child Support Reduction for High-Income Earners
In Canada, monthly child support is based on the payor’s income and keeps going up as the payor’s income goes up. Unlike in some US states, there is no cap on monthly child support payments. For high income earners, monthly child support can be many thousands, even many tens of thousands of dollars each month. Often it can seem that the amount of child support far exceeds what a parent could possibly spend on a child.
Will Family Court Judges order more child support than a parent could ever spend on the child? In this episode of the Ontario Family Law Podcast, Certified Specialist in Family Law, John Schuman, looks at some factors the court may consider in setting child support for high-income earners – and perhaps even ordering less than the table amount for monthly support. A video version of this episode is available on YouTube.
If you found this episode helpful, check out these other episodes on similar topics:
81 – Can Parents Agree to No Child Support?
79 – What Am I Legally Required To Do First After Separating?
76 – Why Your Income for Taxes May Not Be Your Income for Child Support (or Spousal Support)
66 – How to Change Child Support
54 – Child Support Does Not End at Age 18
53 – How to Pay Less Child Support – https://youtu.be/mmm-GO1bhkc
44 – Can You Be Better Off Financially If You Divorce?
40 – How to Keep Your Money in Separation and Divorce
10 – Child Support in Ontario/Canada: Who Pays and How Much?
The Ontario Family Law Podcast is a companion to the book, Guide to the Basics of Ontario Family Law, which is available as a $9.99 Kindle eBook, Kobo eBook, or iBook for your iPad or iPhone and as a paperback from Amazon and better bookstores. Get it here: https://schumanlaw.ca/family-law-guide.html
Contact Us
To contact John Schuman, Education Lawyer, call 416-446-5847, email him at john.schuman@devrylaw.ca, or use the form on this page.