Archive for January 30th, 2009
New Contents Added: Support Payment Tax Consequences, Foreign Divorces in Ontario
I am pleased to announce that new contents on support payment tax consequences and foreign divorces have been added under the Family Law section of the website.
Click on the links below to visit the pages.
Support Payments and the Tax Consequences
Remarriage & Foreign Divorce in Ontario
Support Payments vs. Income Tax
When are support payments tax-deductible? It turns out the rules are quite complicated.
Prior to 1997 spousal and child support were generally deductible in computing the payer’s income for the year, and so they were included in computing the income of the recipient spouse. This is called the “deduction-inclusion” system.
In 1997 the federal government introduced a [...]
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