Child support is money that flows from the access parent to the custodial parent for the support of the child(ren) residing with the custodial parent. Child support is tax free to the recipient but is not tax deductible to the payor.
Child support is determined by using a chart which incorporates the payors income and the number of children to be supported in order to arrive at the payment amount. Child support payments are enforced by the Family Responsibility Office (FRO) who are empowered to garnish the payments directly from the payors income source. If the recipient agrees, the parties may withdraw from FRO enforcement in favour of direct payments secured by way of post dated cheques.
It is very important that payors keep up to date with their child support payments because these payments can have a significant impact upon the recipients household income and because the children are in need of support.
However; where the parties or the children's circumstances change, Bruce Gilpin recommends that they seek an immediate adjustment to either increase the payments or to reduce them so that the payor may avoid an accumulated debt that is not justified under the Child Support Guidelines.
Before making any changes to your family status or before signing any legal documents consult Bruce Gilpin to be fully advised of your legal rights and entitlements. No question is too small and all inquiries are welcomed. Tell a friend. He'll be standing by. Call today.