Legal Insights
Explore thought-provoking articles from our lawyers to gain a deeper understanding of legal strategy and discover the tools you need to navigate today's legal landscape with confidence.
Understanding Child Support
What is child support? Child support involves regular payments from one spouse to the other, benefiting the child of the relationship. These payments are calculated based on federal or provincial Child Support Guidelines (CSG). The CSG provides tables outlining monthly amounts, determined by specific criteria. Typically, the monthly table amount covers day-to-day expenses such as food, clothing, and school supplies. It is based on the payor parent's gross annual income and the number of children. Exceptions to the table amount occur when the parenting schedule is "shared" or "split" between parents.
Division Of Assets And Real Estate After Separation
Achieving fair share: equalizing family assets: When a marriage comes to an end, the Family Law Act mandates a process called equalization of net family property. This process ensures that the overall value accumulated during the marriage is fairly distributed between both spouses. It recognizes the contributions made by each spouse to the marriage, irrespective of legal ownership. If one spouse has accumulated more net family property than the other, a payment known as an equalization payment is owed to achieve a balanced outcome. The first steps in dividing assets…
Understanding Spousal Support
In determining “entitlement” to spousal support, a number of factors are taken into account, including: the length of the relationship, the roles each spouse played during the relationship, dependent children, each spouse’s earning capability and each spouse’s needs and ability to pay. How is spousal support calculated? While there is no magic formula for calculating spousal support in Ontario, for most couples, spousal support is determined by the specific circumstances of their case. Generally, the courts will use the following criteria in making a determination on the issue of spousal support: 1. The length of the relationship will assist the court in determining both the amount and duration of spousal support…