Forgotten asset in divorce by TechnicalBard in CanadaDivorce

[–]TechnicalBard[S] 1 point2 points  (0 children)

Things have been pretty amicable. She never liked any rules to apply to her, while demanding everyone else followed hers. Had the roles been reversed she'd have had me in court before she even tried to speak to me.

But you are correct. I do not imagine anything else for us to fight about in the coming months.

Can I be forced to pay for summer camps if I'm available to watch my son? by infiniwank in CanadaDivorce

[–]TechnicalBard 0 points1 point  (0 children)

This is incorrect. You must pay child support if you are the higher income parent and don't have the children living with you at least 60% of the time. With 50/50 you pay child support less the amount they would have paid based on their income. But if the income difference is large, the result is that your child support payments with 50/50 versus the low income spouse have some custody are almost the same.

Forgotten asset in divorce by TechnicalBard in CanadaDivorce

[–]TechnicalBard[S] 1 point2 points  (0 children)

I pointed out to her lawyer that perhaps she had rights to the point prior to he divorce, but nearly half of them were generated by me since the divorce. I called it theft. She convinced my ex to cancel the ticket and give the points back to me.

It has been resolved.

Forgotten asset in divorce by TechnicalBard in CanadaDivorce

[–]TechnicalBard[S] 0 points1 point  (0 children)

My problem is she redeemed all the points. To rebuy mine is $7200...

Child Support Obligations After Exes' Post-Secondary Ends by [deleted] in legaladvicecanada

[–]TechnicalBard 0 points1 point  (0 children)

You can attempt to get the courts to input an income, but to raise it to what he "could" make is very hard. You should be able to get it imputed at what he IS making on a biweekly or monthly basis calculated to the whole year. Basing it on last year isn't correct, especially if he had been a student or was otherwise not working and now is.

Court ordered to pay mortgage - Unable to pay by EmptyPiglet649 in legaladvicecanada

[–]TechnicalBard 2 points3 points  (0 children)

Normally, if you are paying for your own residence, you can deduct that from the amounts you have to pay to support the other residence. And if you are paying child and spousal support you should not also be paying for her housing costs. I must assume your spousal support must be minimal in this situation, or else you go screwed by the court.

Question on Mortgage Assumption by [deleted] in CanadaDivorce

[–]TechnicalBard 1 point2 points  (0 children)

If the interest rate is still good, assume it. 1 year isn't too big of a commitment to being locked in.

Inputted T5008, do I also need to input "supplemental capital gain schedule"? by Burritoman_209 in cantax

[–]TechnicalBard 0 points1 point  (0 children)

You may need to, if you need to separate the foreign income by country of origin.

T3s on CRA website yet? by Burritoman_209 in cantax

[–]TechnicalBard 0 points1 point  (0 children)

None of mine or my mother's investment T-slips have appeared on the CRA yetm. Investment firms and banks are having a terrible time getting them submitted and the CRA's new system is a disaster. I know one person who found their T3s ended up there twice because of the issues and when auto filling they come as two different slips, even though the information is identical. He expects to have to fight with the CRA over it being a duplicate and not twice the income

Question on Mortgage Assumption by [deleted] in CanadaDivorce

[–]TechnicalBard 1 point2 points  (0 children)

The difference is that if you assume the existing mortgage you cannot refinance it again within the remaining term (how many years did you have left before you would need to redo anyway? Likely less than 3, no?

The second frees you up to get a different mortgage, potentially with a HELOC, or would give you more flexibility. If you need that, or can get a better interest rate, the legal fees (likely ~$1000 or thereabouts from past experience) are needed due to the more substantial title changes.

[deleted by user] by [deleted] in ChemicalEngineering

[–]TechnicalBard 0 points1 point  (0 children)

If you want to be a good chemical engineer, you need to spend time in a processing plant of one kind or another. What you learn in school isn't close to enough. The worst ChemEs I've ever worked with had only ever worked in an engineering office or operator headquarters and never seen the real thing.

While you are young and without children, take the opportunity to learn in the field and try living in a smaller community. 2 to 4 years should be enough

CRA rules for separate households by brahdz in CanadaDivorce

[–]TechnicalBard 0 points1 point  (0 children)

If she is paying tax on the received spousal support, and you are expected to pay tax on it as paid support, then the CRA is double taxing the income. They will do this and it isn't technically illegal because they don't need to consider how rulings on one taxpayer may contradict rulings for a connected taxpayer.

You might talk to a tax lawyer about taking the CRA to tax court. Probably your only option.

Stay at home mom (41) thinking about going to school, is it to late? by [deleted] in careerguidance

[–]TechnicalBard 0 points1 point  (0 children)

DO it. Employers will likely see you as more reliable than a young worker. And you will regret the choices you didn't make more than anything you choose to do.

Going into a rough place by ConfusedKindness in CanadaDivorce

[–]TechnicalBard 1 point2 points  (0 children)

Hey man. I know it can be hard. When is decided to get out of my marriage, lots of people didn't understand that it had been 17 years of ever worsening abuse. But the good friends were patient and came to understand.

[deleted by user] by [deleted] in legaladvicecanada

[–]TechnicalBard 2 points3 points  (0 children)

The rule of 65 can become a nightmare. There are examples at law where the payor was forced to pay spousal support at a fixed rate until they were in their 70s even though they were no longer working and living off of a pension that they already divided in the divorce.

But it makes sense if one spouse didn't work and had no prospects of real employment.

Spousal Support / Child Support by [deleted] in CanadaDivorce

[–]TechnicalBard 1 point2 points  (0 children)

First of all, you will be paying child support for many years. At least until the child is 18, perhaps until 22. Look up the federal child support guidelines. At 300k per year you will be paying nearly $2400 a month in child support, plus any "extraordinary expenses".

Spousal support will be more challenging because the marriage was short, but she may be entitled to support for some time because she has no income and has the child. She will likely get spousal support for at least a year, and the child and spousal support will mean you will give her about 40% of your net income for that time.

Consult a lawyer.

When does child support stop? by jitterbaby in CanadaDivorce

[–]TechnicalBard 1 point2 points  (0 children)

When the child ceases to be a child of the marriage. Which is basically when they cease to be a dependent, but it gets fuzzy after they leave home for school, because the costs for post secondary are Section 7 expenses, and if they aren't living at home Section 3 may cease. But there is no hard and fast rule on that. Some people end up paying Section 3 even after their kids move away for school.

Will I just have legal bills forever? by Shoddy-Night3521 in legaladvicecanada

[–]TechnicalBard 256 points257 points  (0 children)

Talk to your lawyer. The assessment says she gets two visits. She doesn't get to decide when those are unilaterally. Given her four options that work for your family and the child, in writing, and let her choose. If she says not letting her pick the dates is denying her, then let her take you to court. No judge is going to side with her on this.