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Difference between revisions of "Family Law Act Basics"
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→The law about child support
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Most of the time, child support is paid every month, usually on the first day of the month. It is possible for child support to be paid in a single lump sum, but this is very rare. Payors can be required to pay by giving the recipient a series of post-dated cheques. However child support gets paid, it's important for the payor to keep a record of how much was paid and when it was paid, perhaps from receipts provided by the recipient, from cancelled cheques or from bank statements. This can help prevent arguments about whether a payment was late or missed altogether. | Most of the time, child support is paid every month, usually on the first day of the month. It is possible for child support to be paid in a single lump sum, but this is very rare. Payors can be required to pay by giving the recipient a series of post-dated cheques. However child support gets paid, it's important for the payor to keep a record of how much was paid and when it was paid, perhaps from receipts provided by the recipient, from cancelled cheques or from bank statements. This can help prevent arguments about whether a payment was late or missed altogether. | ||
===Are there tax consequences?=== | |||
There are no tax consequences when child support is paid. The payor isn't allowed to deduct child support payments from the payor's taxable income, and the recipient isn't required to report child support payments as taxable income. | |||
===What about if the payor dies?=== | ===What about if the payor dies?=== | ||