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Pa ge 1 6 T hu rs da y, Ja nu ar y 8, 2 01 5 - T he IF P - H al to n H ill s - w w w .th ei fp .c a you can also download the sears catalogue ipad app. NP305-728 © Sears Canada Inc., 2015. All rights reserved. now available! Pick up your FREE copy at any Sears catalogue location or view it online at sears.ca/cataloguecentral FREE SHIPPING When you spend $99 ormore, before taxes. Some restrictions apply. See catalogue or sears.ca for details. spring & summer catalogue 2015 Enjoy shopping from the comfort of your home, with 24/7 ordering convenience. y Pick up your FREE copy at an cataloguecentral .ca/w it online at searslocation or vie FREE SHIPPING . esWhen you spend $99 or more, before tax .tails.ca for deee catalogue or sears. Strictions applyome resS 510e 2ugolatar cemmug & snirps enience.v/7 ordering con4y shopping from the comfort of your home, with 2Enjo MichaelChong Member of Parliament Wellington - Halton Hills 205-16 Mountainview Rd. S. Georgetown ON L7G 4K1 905-702-2597 www.michaelchong.ca michael.chong@parl.gc.ca 866-878-5556 Read my featured articles on www.torontosun.com Retire the way you deserve to. Contact me for your FREE Financial Recovery Checklist Douglas Riding, BA, CFP®, FMA Investment Advisor 348 Guelph Street, Unit#3, Georgetown, ON 905 877-4579 www.ridingteam.ca Do you have enough to rebound from market volatility? My ex-wife and I have a Separation Agreement from 2013 when we separated. It tells me howmuch child support I have to pay for our three children. How do I know if that amount has changed and the current amount I should be paying? ASK THE PROFESSIONAL You should have provided your wife with your complete 2013 Income Tax Return, including all attachments such as T4's, T4A, receipts, etc. and your Notice of Assessment and/or Reassessment. You must provide this information each year while you have an obligation to contribute to the support of your children. Your Separation Agreement should set out when you are to provide your 2014 Income Tax Return but usually it should be given to your wife by May 31st. At the end of each year, check your last pay statement from 2014 and it will show you what you earned in that year. Review other 2014 income that you may have had from sources such as interest or investment income. RRSP income may be included in your income if it is received each year but may not be included if it is a one-time withdrawal or rarely withdrawn. You are entitled to deduct union dues from your gross income but not the money you paid into an RRSP. There may be other deductions to which you may be entitled in order to calculate your income. The federal government has recently changed some regulations and legislation that may affect your income depending upon your situation. Check the Department of Justice website at www.justice. gc.ca/childsupport to help determine your income and then calculate your current child support obligation. After doing this calculation, you should then be roughly aware if the amount of child support will be different than the amount you paid the previous year. Once you have completed your Income Tax Return for 2014, you and your wife can then negotiate anAmending Agreement to change the amount of the child support according to the terms of your Separation Agreement. Call me to set up a consultation and we can discuss your specific situation. 350 Rutherford Rd. South Plaza II Suite 320 Brampton, Ontario, L6W 4N6 Telephone (905) 455-6677 Fax (905) 455-6724 E-mail ssplaw@on.aibn.com www.susanspowell.com Susan S. Powell, B.A., LL.B. Barrister & Solicitor The advice offered in this column is intended for informational purposes only. Use of this column is not intended to replace or substitute any professional, financial, medical, legal, or other professional advice. We work for you. FAMILy LAwlegal matters Q A Please email photo and information to Kelli Kosonic: kkosonic@theifp.ca or you can come into the office located at the Georgetown Marketplace Mall (at the back where Wal-Mart previously was - OUTSIDE access only). The DEADLINE for Booking and Material Submissions is Friday, January 23rd, 2015 The PUBLICATION date is January 29th, 2015 The price is $35.00 (tax included) Attention Parents of all babies born in the year 2014! The price is .00 Submit a COLOUR PHOTO along with the Baby's Full Name and Date of Birth. in the year 2014! 2014 DEADLINE for Booking and Material Submissions Honour Roll NEWS Regional tax bill set to rise For the time being, Halton homeowners will pay about $5 more for every $100,000 in as- sessment for their residence in Regional property taxes next year. Regional property taxes for an average home assessed at $400,000 will cost home- owners about $1,332 in 2015 or $20 more than what they paid in 2014. But if history repeats you can expect that tab to be reduced by the time Regional coun- cillors chisel away at the proposed budget presented recently by Mark Scinocca, Hal- ton's Finance Commissioner and Regional Treasurer. The average increase for the past eight years has been zero per cent for Regional By Bob Mitchell Metroland Media Continued on page 18