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Course Level :Basic
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Credits :1
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
Did you know
that some allowable deductions to a payor’s income under the Income Tax Act, RSC 1985 c. 1 (5th Supp.) can
be added back and grossed up when determining a payor’s income for a child
support?
If you didn’t,
you’re not alone.
It is a common
misconception that the income as reported on a payor’s tax return is always the
income that is used to calculate the amount of child and/or spousal support
(aka alimony or maintenance) payable. Rather, there is a whole set of rules
used by lawyers and the Courts across Canada, some of which do not align with
the provisions in the Income
Tax Act.
We review topics
like capital gains, dividends, bonuses, allowances, RRSP withdrawals, and
termination packages, the approach to income determination concerning corporate
pre-tax income, and when income may be imputed.Â
Having a deeper
understanding of what may be considered income and how much income may be
treated in family law whether the payor is employed, self-employed, a partner,
a beneficiary, or a shareholder, etc. can enhance the value of the services you
provide as a financial professional.
This online CPD course will attempt to explain Income Determination for Child and Spousal Support Purposes in Canada.
, Jacqueline M. Mills, Certified Specialist in Family Law
Elise Visco has practiced exclusively in the area of family law since her call to the Ontario Bar in 2017. Since 2019, she has practiced as an Associate with Jacqueline M. Mills, a top-ranked and award-winning family law lawyer in Toronto, Canada. Prior to joining Ms. Mills’ practice, Elise was an associate in the family law group at a mid-sized Toronto law firm.
Elise is passionate about her work and keen to share her knowledge and expertise. She has the privilege of being a recurrent speaker at continuing professional development programs for financial professionals since the beginning of her career.
Elise attended Osgoode Hall Law School where she completed the Osgoode Mediation Intensive specializing in family law. During law school, Elise assisted low-income clients with their family law matters through the Pro Bono Students Canada Family Law Project and spent a summer in Freetown, Sierra Leone working with the Defence for Children International.
Elise also has a Bachelor of Science with a minor in Italian
from the University of Guelph. When she is not working, Elise enjoys reading
and cycling, though never at the same time.
Jacqueline Mills is an award-winning top-ranked family law lawyer known for handling a wide range of family law cases by negotiation, mediation, and if necessary, litigation in all levels of court.
As a certified specialist with
over 36 years of experience, Jacqueline is known for her honest opinions and
thoughtful advice. Together with her Associate, Elise Visco, Jacqueline assists
clients with all the steps of resolving their separation, divorce, or
cohabitation agreement or marriage contract. Jacqueline is also a qualified
Arbitrator.
7 Ratings
1 Credit
Subject Area
Jul 01, 2022 | 10:00 AM EDT
Jul 01, 2022 | 10:00 AM EDT
Jul 01, 2022 | 10:00 AM EDT
Jul 01, 2022 | 10:00 AM EDT
Jul 01, 2022 | 10:00 AM EDT
Jul 01, 2022 | 10:00 AM EDT
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