Can child support be avoided with a prenup?

No, child support obligations cannot be waived or avoided through a prenuptial agreement in Canada Under Canadian family law, child support is considered a fundamental right of the child, not the parents. A prenuptial agreement [...]

Can child support be avoided with a prenup?Ken Maynard CDFA, Acc.FM2025-08-26T16:43:38-04:00

Can I pay my child directly?

Paying your child directly is not permitted under the RESP program rules Educational Assistance Payments (EAPs) from a Registered Education Savings Plan must be paid directly to the beneficiary student, not to parents or contributors. [...]

Can I pay my child directly?Ken Maynard CDFA, Acc.FM2025-08-26T16:42:57-04:00

How should child support be spent?

Child support should be used to cover essential expenses that directly benefit the child's wellbeing and development. Child support payments are intended to help cover the basic living expenses and necessities required to raise a [...]

How should child support be spent?Ken Maynard CDFA, Acc.FM2025-08-26T16:42:24-04:00

Are sports included in child support?

Sports and recreational activities are typically considered special or extraordinary expenses separate from basic child support While basic child support covers everyday necessities, extracurricular activities like sports usually fall under section 7 expenses in Canadian [...]

Are sports included in child support?Ken Maynard CDFA, Acc.FM2025-08-26T16:25:41-04:00

How is self-employed income calculated?

Self-employed income is calculated by subtracting business expenses from gross revenue to determine net profit Self-employed income calculation involves determining your total business earnings after accounting for all allowable expenses and deductions. As a self-employed [...]

How is self-employed income calculated?Ken Maynard CDFA, Acc.FM2025-08-19T11:58:22-04:00

How does the Family Responsibility Office function?

The Family Responsibility Office (FRO) enforces court-ordered child and spousal support payments in Ontario The Family Responsibility Office acts as an intermediary between support payors and recipients to ensure court-ordered financial obligations are met. This [...]

How does the Family Responsibility Office function?Ken Maynard CDFA, Acc.FM2025-08-26T16:07:03-04:00

Can child support be modified?

Child support payments can be modified when significant changes in circumstances occur Child support orders in Canada can be adjusted when there are substantial changes in either parent's financial situation or the child's needs. These [...]

Can child support be modified?Ken Maynard CDFA, Acc.FM2025-08-19T11:39:14-04:00

How does bankruptcy impact child support?

Bankruptcy does not eliminate child support obligations or arrears in Canada Child support payments are considered non-dischargeable debts that remain fully enforceable even after declaring bankruptcy. The Canadian Bankruptcy and Insolvency Act specifically protects support [...]

How does bankruptcy impact child support?Ken Maynard CDFA, Acc.FM2025-08-19T11:38:31-04:00