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Difference between revisions of "Child Support"
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→Income tax considerations
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These changes do not apply to court orders or family agreements that were made before 1 May 1997, when the [[Child Support Guidelines]] came into effect. If those orders or agreements are varied at any point after 30 April 1997, however, the new rules will apply and the provisions for child support will become tax neutral. | These changes do not apply to court orders or family agreements that were made before 1 May 1997, when the [[Child Support Guidelines]] came into effect. If those orders or agreements are varied at any point after 30 April 1997, however, the new rules will apply and the provisions for child support will become tax neutral. | ||
The portion of a lawyer's bill attributable to obtaining, increasing, or enforcing a child support order is tax deductible. The cost of defending a claim for child support is not deductible. Read the [http://www.cra-arc.gc.ca/E/pub/tp/it99r5-consolid/ | The portion of a lawyer's bill attributable to obtaining, increasing, or enforcing a child support order is tax deductible. The cost of defending a claim for child support is not deductible. Read the Canada Revenue Agency's [http://www.cra-arc.gc.ca/E/pub/tp/it99r5-consolid/ Interpretation Bulletin IT-99R5] for the fine print. | ||
To claim this deduction, the lawyer must write a letter to the CRA setting out what portion of his or her fees were attributable to advancing a child support claim. If you intend to ask your lawyer for a letter like this, you must tell your lawyer as soon as possible, preferably the moment the lawyer takes your case, so that he or she can keep a log of time spent on the child support claim. | To claim this deduction, the lawyer must write a letter to the CRA setting out what portion of his or her fees were attributable to advancing a child support claim. If you intend to ask your lawyer for a letter like this, you must tell your lawyer as soon as possible, preferably the moment the lawyer takes your case, so that he or she can keep a log of time spent on the child support claim. | ||
