Understanding Child Support: A Guide for Parents in Toronto
What is Child Support? Child support refers to the financial contributions made by one parent to the other for the upbringing of their child. This support is intended to cover various costs, including housing, food, clothing, education, and healthcare. The primary aim is to ensure that children maintain a similar standard of living to what they would have experienced if the parents had remained together. Determining Child Support Amounts In Canada, child support calculations are often based on the Federal Child Support Guidelines, which provide a formula for determining the amount owed based on the payor's income and the number of children involved. The guidelines consider both the payor’s income and the parenting arrangement, Child Support Lawyer Toronto ensuring that support amounts are fair and consistent across similar cases. Types of Child Support There are two main types of child support: Table Amounts : These are predetermined amounts based on the payor’s inco...