Can an individual deduct for tax purposes the amount of regular support payments to a former spouse?

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Can an individual deduct for tax purposes the amount of regular support payments to a former spouse? Would it matter if that individual’s only source of income were from interest on bond investments? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:17 AM

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Can an individual deduct for tax purposes the amount of regular support payments to a former spouse?

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Yes support payments to a former spouse are deductible as par...View the full answer

Canadian Income Taxation Planning And Decision Making

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