“MY ACCOUNTANT SAID IT WAS OK…” DETERMINING INCOME FOR GUIDELINE PURPOSES

Chair: Justice Stanley Sherr

Panel: Stacie R. Glazman, Lawyer and Chartered Business Valuator
Nicole Tellier, Senior Family Lawyer

Where: 311 Jarvis Street
When: Monday, November 7, 2016
From: 4:45 p.m. to 6:30 p.m.

This session will review what we know about determining income for guideline purposes. The session will include a review of an income tax return, a discussion about how the rules in the Child Support Guidelines affect the determination of income for guideline purposes and the legal issues arising out of the duty to disclose and the failure to discharge that duty. Best practices and tips concerning proving income will be provided. Discussion topics include:

• Self-employed payors: Professional, Business and Rental Income
• General tips for reviewing income tax returns and supporting documentation
• Specific discussion of common deductions
• Expenses listed on T1 forms
• Employees who can deduct Employment Expenses
• The duty to provide disclosure
• Proportionality and the limits of the disclosure obligation
• Section 19(1) (f) failure to provide income information, repercussions and remedies
• Best practices and tips including how to introduce and present the information provided or obtained

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