Are my child/spousal support payments tax deductible?
Allan Madan, CA
Child support payments are NOT tax deductible in Canada.
In contrast, spousal support payments are tax deductible as long as the taxpayer can provide proof of spousal support payments. The proof can be a separation and/or divorce agreement clearly stipulating the spousal support payment (i.e. if the taxpayer is providing both the child and spousal support payment, each amount must be clearly stated). Furthermore, the recipient of the spousal support payment must include the amount in his/her income for income tax purposes.
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CA.CPA.CGA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
.png)
SOCIAL CONNECT