Not completely. The Child Support Guidelines also require spouses to share in proportion to their income, special and extraordinary expenses that they incur on behalf of a child, commonly called s.7 expenses after the section of the Guidelines that refers to them.
Extraordinary or section 7 expenses are child care expenses necessary to pursue employment, the children’s health related expenses and extracurricular activities(if extraordinary, considering the talent of the child, the cost of the program and the amount of the expense considering the spouses’ incomes and the amount of child support being paid).
The Courts have determined that tuition and living expenses while attending post-secondary education are an extraordinary expense for which both parents are responsible, in proportion to their respective incomes.
The financial contributions a child can make towards his or her university or college education (in terms of scholarships, bursaries, trust funds, income earned and student loans) will also be considered, with the remaining costs being divided between the parents on a pro rata basis, according to their incomes.
In addition to sharing a child’s university expenses, the child support payor may also have to continue monthly child support payments to the other spouse. The amount of monthly support may be reduced, however, depending on where the child is living, the child’s ability to contribute to his or her own support, and the type of university expense being shared.
The amount of child support paid is directly tied to your income and the children’s residence. The amount of child support is adjusted yearly.
Both payor and recipient will be expected to disclose their annual income each year and the amount of child support will vary according to the Child Support Guidelines.If the payor’s income decreases, child support will normallyd ecrease. If the payor’s income increases, child suppor twill increase as well.