Shared Custody: Income Tax Implications and the Need for Advice

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Recently there has been case law about how income tax should be calculated in shared custody arrangements where set off child support payments are only paid by the higher income earner to the other parent. 

You should get professional advice about the tax implications of your shared custody agreement or order.

There is general information about tax issues available on the Canada Revenue Agency website. Getting advice about your situation is best to ensure that you are clear about what will happen in your situation. 

Have a look at this handout for more information