How are Section 7 expenses shared between parents?

Section 7 expenses are shared between parents based on their respective incomes. The proportion of the expenses each parent pays is calculated according to their income ratio, ensuring that both parents contribute fairly relative to [...]

How are Section 7 expenses shared between parents?Ken Maynard CDFA, Acc.FM2024-05-26T17:45:32-04:00

Are Section 7 expenses tax-deductible?

No, Section 7 expenses are not tax-deductible. These expenses are considered part of the overall support obligation for the child and do not qualify for tax deductions. However, some specific medical expenses might be eligible [...]

Are Section 7 expenses tax-deductible?Ken Maynard CDFA, Acc.FM2024-05-26T17:45:45-04:00

Who is responsible for paying Section 7 expenses?

Both parents share the responsibility for paying Section 7 expenses proportionately based on their incomes. The allocation is determined by the income ratio of each parent, ensuring that the burden of these expenses is fairly [...]

Who is responsible for paying Section 7 expenses?Ken Maynard CDFA, Acc.FM2024-05-26T17:45:58-04:00

How do Section 7 expenses differ from basic child support?

Section 7 expenses differ from basic child support in that they cover special or extraordinary costs beyond everyday necessities. Basic child support covers routine expenses like food, clothing, and housing. In contrast, Section 7 expenses [...]

How do Section 7 expenses differ from basic child support?Ken Maynard CDFA, Acc.FM2024-05-26T17:46:24-04:00

Are extracurricular activities considered Section 7 expenses?

Yes, extracurricular activities are considered Section 7 expenses if they are reasonable and necessary for the child’s development. Examples include sports, music lessons, and other enrichment activities that enhance the child’s physical, cultural, or artistic [...]

Are extracurricular activities considered Section 7 expenses?Ken Maynard CDFA, Acc.FM2024-05-26T17:46:37-04:00

How do we know how much child support should be paid?

For child support claims made under the Divorce Act, there are the Child Support Guidelines published by the Federal Government. These guidelines are called the Federal Child Support Guidelines. All provinces and territories have their [...]

How do we know how much child support should be paid?Ken Maynard CDFA, Acc.FM2024-05-26T17:49:13-04:00