As a general rule, the CRA will look at the parties» net
income of each former spouse / partner to determine their respective entitlement to the Canada Child Tax Benefit («CCTB»).
As a general rule, the CRA will look at the net
income of each former spouse / partner to determine their respective entitlement to the Canada Child Tax Benefit («CCTB»).
Not exact matches
Exceptions include if the
spouse is part
of the credit application or will use the account; if the applicant is relying on a
spouse's
income; or if the applicant is relying on money from a
former spouse, such as alimony or child support.
If, as part
of a payment split, you pay a proportion
of the super
income stream payments from your retirement - phase super
income stream to your
former spouse
You or your
former spouse will need to notify the ATO (in writing)
of the proportion
of the
income stream payments you are receiving.
credited for the full value
of your
former spouse's super
income stream, as you are now a recipient
of that
income stream
If you commute part
of a retirement - phase super
income stream and pay the commuted lump sum to your
former spouse as part
of a payment split
Given the husband's support obligations to his
former spouse and his children and the historical pattern
of monetary gifts and having regard to the language
of the legislation, it was certainly open to the court to impute
income.
Whether your
income has substantially increased, your
former spouse's
income has substantially decreased, your
former spouse is engaged in a supportive relationship, or there has been some other change, we can help you determine whether to seek a modification or termination
of an alimony award.
In most cases, the most important factor is NEED which requires you and your
former partner /
spouse to explore first, what your children need and secondly, what you both need, in terms
of capital and
income.
The Employee Retirement
Income Security Act
of 1974 (ERISA) exempts self - insured employer group health plans from state insurance laws, including eligibility for continued health insurance coverage for a
former spouse.
As the custodial parent, the amount you receive depends largely on the extent
of your benefits — and any other
income you receive — relative to the
income earned by your
former spouse.
Ironically during one
of the most stressful times in life, you need to function at a peak intellectual level to negotiate a separation with your
former spouse, have the time, energy and compassion to be responsive to your children, bring in an
income, and create a new home life all the while dealing with a truckload
of emotions.
It is also wise to hold on to copies
of the «Disclosure» documents you exchanged with your
former spouse, particularly the Schedule
of Assets and Debts, and
Income and Expense Declaration.