How Much Child Support Should I Be Paying or Receiving in Alberta?

How Much Child Support Should I Be Paying or Receiving in Alberta?

Did you know that child support is the right of the child and that it does not belong to either parent?

Parents are legally obligated to support their child/children and this duty continues after separation. Child support improves the standard of living of the child/children and gives them a better chance of thriving.Your children are your greatest legacy, and it is only right! The important question is, how much should you be receiving or paying.

What is child support?
Child support is money paid by one parent to the other parent to provide for the child/children following separation or divorce. Child support payments include fixed amounts for basic support as well as amounts to cover certain types of expenses such as daycare, healthcare and extra-curricular activities.

Alberta’s child support law is based on the principle that even though parents may no longer be together, children should continue to benefit from the financial support of both parents, just like they would if their parents were still together.

Whether you are in opposite or same-sex common-law and married families’ child support is essential and can be resolved through negotiated or mediated agreement between you and your spouse, or by court order.

So How Much Child Support Should I Be Paying?

The amount of child support you pay or receive depends on any individual circumstances. The amount you pay or receive in child support is determined by Federal and Provincial guidelines as well as specific rules, criteria, and formulas.

Different things will affect or determine child support, as well as a number of time limitations. Some examples of circumstances that impact child support payments include whether either party owns a business, holds substantial capital, investments, or trust interests, or is a professional with a ‘book of business.’ Child support payments can also be affected by the type of parenting arrangement you have in place, due to potentially increased childcare costs.

Use this helpful ALBERTA CHILD SUPPORT CALCULATOR as a first step towards estimating the payable child support applicable in your family situation.

Do remember that no two cases are the same, and it is always best to speak with a family lawyer to ensure you are paying or receiving the correct amount of child support. Book a free call with a family lawyer using the form on the right or call us at 780-851-7624 to set up a consultation.

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