Tax time is approaching, and with it comes the yearly recalculation of child support for many families. In many cases, and for many people, recalculating child support is as simple as looking at the paying party’s Line 150 on their T1 Tax Return (the Line 150 amount is representative of your Total Income earned for… Continue reading Is Line 150 the Right Amount for Calculating Child Support?
Category: Taxes
Non-Taxable Income and Spousal Support
In a recent case released by the Alberta Court of Appeal, the Court had to address whether to gross up a party’s non-taxable income for the purposes of determining appropriate spousal support. In Tancowny v. Tancowny, 2018 ABCA 307, the parties entered into a consent Divorce Judgment in 2015, wherein the husband’s obligations for spousal… Continue reading Non-Taxable Income and Spousal Support