How are Section 7 expenses shared between parents?

Section 7 expenses are proportionally divided based on each parent's income ratio Section 7 expenses (also called special or extraordinary expenses) are shared between parents according to their respective income levels. The calculation uses a [...]

How are Section 7 expenses shared between parents?Ken Maynard CDFA, Acc.FM2025-08-27T19:36:50-04:00

Are Section 7 expenses tax-deductible?

Section 7 expenses are not tax-deductible, but some medical costs may qualify for tax credits Section 7 expenses are considered special or extraordinary expenses that form part of child support obligations in Canada. While these [...]

Are Section 7 expenses tax-deductible?Ken Maynard CDFA, Acc.FM2025-08-27T19:36:21-04:00

Who is responsible for paying Section 7 expenses?

Section 7 expenses are shared proportionally between parents based on their respective incomes Section 7 expenses are special or extraordinary expenses that both parents must share based on their income levels. The amount each parent [...]

Who is responsible for paying Section 7 expenses?Ken Maynard CDFA, Acc.FM2025-08-27T19:35:57-04:00

What documentation is required to claim Section 7 expenses?

Section 7 expenses require detailed receipts, invoices, and supporting documentation for claims To successfully claim Section 7 expenses in Canada, you must maintain comprehensive documentation of all eligible costs. Required documentation includes: Original, itemized receipts [...]

What documentation is required to claim Section 7 expenses?Ken Maynard CDFA, Acc.FM2025-08-27T19:35:34-04:00

How do Section 7 expenses differ from basic child support?

Section 7 expenses cover extraordinary costs beyond basic child support's everyday necessities Section 7 expenses are special cost-sharing arrangements between parents that go beyond regular child support payments. While basic child support covers fundamental needs, [...]

How do Section 7 expenses differ from basic child support?Ken Maynard CDFA, Acc.FM2025-08-27T19:35:00-04:00

Are extracurricular activities considered Section 7 expenses?

Extracurricular activities qualify as Section 7 expenses when they support a child's development and are reasonably priced. Under Canadian family law, Section 7 expenses include extracurricular activities that contribute to a child's growth and well-being. [...]

Are extracurricular activities considered Section 7 expenses?Ken Maynard CDFA, Acc.FM2025-08-27T19:34:29-04:00

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

Child support in Canada is calculated using federal guidelines based on income and custody arrangements The Federal Child Support Guidelines provide standardized tables that determine support payments across all provinces and territories. The basic calculation [...]

How do we know how much child support should be paid?Ken Maynard CDFA, Acc.FM2025-06-30T10:34:09-04:00