Toronto High-Income Child Support Lawyer

Your income affects the amount the family court forces you to pay in child support. Equipping yourself with the legal knowledge to ensure fair payment calculations can help you protect your rights. Our Toronto high-income child support lawyers could help you advocate for your interests in court and ensure the support order does not force you to pay more than you should.

At The Riley Divorce and Family Firm, we understand the challenging nature of making decisions in child support cases. We are sensitive to your unique needs and concerns as a high-income earner. Choosing a skilled child-support legal professional is imperative to your case. We can take your call 24 hours daily, so do not hesitate to reach out.

Disclosure Requirements in High-Income Child Support Cases

When you or your ex earn over $150,000 yearly, disclosure requirements may be triggered under Statutory Orders and Regulations/2020-247 § 3 or Ontario Regulation 391/97 § 21 (4). What needs to be disclosed and by whom depends on whether the parent is an employee, is self-employed, controls a corporation, or is a trust fund beneficiary.

For example, under these regulations, one or both parents may need to provide the following information:

• Tax returns for the past three years
• Earning statements in the current year to date (if the parent is an employee)
• Financial statements for other benefits received (like workers’ compensation or pension benefits)
• The parent’s business or professional financial statements covering the past three years (if the parent is self-employed)

If this applies to you, you and the other parent may have as little as 30 to 60 days to furnish these documents after it becomes known that you make $150,000 or more. You may be able to request additional time to get the requested information together.

A Toronto lawyer who handles high-income child support cases could help you calculate your income and meet your ongoing disclosure requirements under the law. If you need to request more time to locate the documents, a capable lawyer like Paul Riley could file the necessary paperwork.

How Does the Family Court Calculate Child Support Payments?

The family court uses child allowance guidelines to calculate monthly payments each parent should make. Depending on the circumstances, either federal law, provincial, or territorial law may apply. For example, federal guidelines may apply if you and the other parent are divorced or have filed for divorce.

Both federal and Ontario laws use parents’ income to determine monthly child support amounts. Other factors that impact monetary allowances are the number of children involved, their ages, and where the parents live. A family court may adjust payments to account for childcare costs or insurance premiums.

A high-income child support lawyer in Toronto could ensure a family court does not unfairly increase monthly payments because of how much you earn. A trusted lawyer could diligently monitor the guidelines and proposed child support agreement in your situation.

Consult a Toronto High-Income Child Support Lawyer for Help

Child support proceedings can be contentious, especially when one or both parents have a lucrative job. When you have complex assets or earn a high income, it is vital that you have a sophisticated and professional lawyer who understands your unique needs. Paul Riley could ensure a child support order is fair and reasonable.

At the Riley Divorce & Family Law Firm, we provide confidential and zealous legal representation to those involved in child support proceedings in Toronto. Our lawyers understand the nuances in these cases and are prepared to defend your rights throughout the cause. Contact a Toronto high-income child support lawyer to schedule a consultation.