What does it mean to you if the Table amounts under the Federal Child Support Guidelines have changed?
The Department of Justice has amended the Guidelines to reflect new personal income tax rules for individuals earning between $45,282 and $90,563 annually. The change was made on November 22, 2017. However, when the change will be made to your own support payments depends on the terms of your separation agreement.
For example, is support adjusted annually after the exchange of income tax returns, or does a party have to request a review of child support? Whether child support payments increase or decrease under the new Guidelines will depend upon whether the payor’s net disposable income has increased or decreased as a result of the new personal income tax rules, so it’s worthwhile to take a look at the new Table and see how it applies to your situation. The Guidelines came into force on May 1, 1997 and were previously amended on May 1, 2006 and December 31, 2011.
For more information see: https://www.ctvnews.ca/canada/why-your-child-support-payments-may-be-adjusted-starting-wednesday-1.3689751