Professional Child Support Services Yorkville
The Federal Child Support Guidelines (the Guidelines) were enacted, among other reasons, in order to provide some certainty with respect to the financial support of children. This piece of legislation provides insight on who must pay child support, the quantum of child support which must be paid, and for how long children are eligible to receive child support. Child support payments are tax-free in the hands of the recipient and non-deductible from income for the purposes of income tax by the payor.
The basic amount of child support payable is set out in the tables of the Guidelines and is based on the income of the payor parent. The income of the recipient parent is not taken into account in setting basic child support payments. Generally, the parent with whom the child resides primarily is the recipient of the child support payments. In addition to the basic child support amount, an additional amount may be payable for the special or extraordinary expenses of the children. These special and extraordinary expenses are set out in Section 7 of the Child Support Guidelines and may include expenses such as uninsured medical and dental expenses and post-secondary education expenses, and daycare.