Ontario Child Support Calculator 2006
This Ontario Child Support Calculator 2006 helps you determine the monthly child support payment based on the 2006 guidelines. The calculation considers income, expenses, and other factors to provide an accurate estimate.
How to Use This Calculator
To calculate Ontario child support payments using the 2006 guidelines:
- Enter the gross monthly income of the paying parent.
- Enter the gross monthly income of the receiving parent (if applicable).
- Select the number of children for whom support is being calculated.
- Enter any additional expenses for the children.
- Click "Calculate" to see the estimated monthly child support payment.
The calculator will display the result along with a breakdown of how the payment was determined.
Formula and Assumptions
The Ontario Child Support Guidelines 2006 use the following formula to calculate child support:
Monthly Child Support Payment = (Paying Parent's Income - Deductions) × Percentage
Where:
- Paying Parent's Income - Gross monthly income of the parent paying support
- Deductions - Standard deductions and allowances
- Percentage - Percentage of income to be paid as child support
The guidelines include standard deductions for:
- Basic personal amount
- Spousal support
- Medical expenses
- Dental expenses
- Educational expenses
Note: The 2006 guidelines are based on the Income Tax Act and may not reflect current tax laws. Always consult with a legal professional for the most accurate information.
Worked Example
Let's calculate child support for a scenario where:
- Paying parent's income: $3,500 per month
- Number of children: 2
- Additional expenses: $200 per month
Using the formula:
1. Calculate total income: $3,500
2. Subtract standard deductions: $3,500 - $1,200 = $2,300
3. Apply percentage: $2,300 × 15% = $345
4. Add additional expenses: $345 + $200 = $545
5. Divide by number of children: $545 ÷ 2 = $272.50 per child
The estimated monthly child support payment for each child would be $272.50.