The best Toronto child support lawyers work tenaciously to ensure correct income calculations are made and proper section 7 extraordinary and extracurricular expenses are fairly assessed. The worst mistake the best Toronto child support lawyers see is the careless use of “free” online calculators that often mistakenly perpetuate thousands of dollars of over or underpayments of child support. The declared personal tax incomes of business owners, self employed persons, professionals and those who receive cash or work overseas with different tax rates MOST LIKELY SERIOUSLY UNDERSTATE THEIR REAL INCOME. Call the top-rated family lawyers at MacLean Law to protect your children. MacLean Law lawyers recently set interim child support records of $21,000 a month for one child followed up by a monthly payment of $16,000 a month for a single adult child at trial. Our lawyers are well aware of how to ferret out the true income of a payor and how to apply the special rules that apply to Toronto high net worth child support cases.
Best Toronto Child Support Lawyers 416 900 3428
The best Toronto child support lawyers know that Toronto child support is the right of the child, and both parents have a duty to financially support their dependent children. The recent Supreme Court of Canada decision in Michel v. Graydon sets out some basic principles of how child support works. Parents pay child support based on both their custodial and financial circumstances. Toronto child support may come in the form of providing basic needs like food, clothing and housing, or extraordinary support for healthcare, school and extracurricular activities. Toronto child support may come from paying these household expenses directly, or by compensating the paying parent for some of these expenses. Find out how Toronto child support is payable from our top rated family lawyers from Canada’s national family law firm.
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The best Toronto Child Support Lawyers will explain that Toronto child support is usually calculated on the annual income of the paying parent and the number of children to support. But these incomes can be subject to adjustments for pretax profits, hidden cash income, tax preferred income like capital gains or overseas income, dividends and certain employment expenses. Toronto child support may sometimes include benefits received by the paying parent that are not included in their annual income. And what about gifts to the children of clothing, cellphones or computers? Ask our top rated family lawyers from Canada’s national family law firm how Toronto child support is payable and what is included and what is not.
Toronto child support is calculated by using the paying parent’s annual income, but this income can change, either up or down. Toronto child support Orders can be varied to reflect these changes in income on a going forward basis. They can be made retroactively for previous years where child support was not paid, sometimes up to three (3) years or more. They can also be amended retrospectively to take into account changes in income in previous years. Find out how our top rated family lawyers from Canada’s national family law firm can change your Toronto child support to accurately reflect the financial situation, back and going-forward.
Best Toronto Child Support Lawyers 416 900 3428
Toronto child support is payable as long as the child is financially or physically dependent on their parents. This usually means while they are in school and living at home. But Toronto child support can continue until an adult child has completed at least their first undergraduate university degree, sometimes into their late twenties. It can even continue if the adult child has become estranged from the paying parent. Ask our top-rated Toronto child support lawyers from Canada’s national family law firm how long Toronto child support usually lasts and if it can be changed if there is a change in the parent / child relationship by calling us at 416 900 3428
