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CALCULATING A PARENTAL CONTRIBUTION (20072008 Academic Year)Department of PostSecondary Education, Training and Labor Student Financial Services PO Box 6000, 77 Westmoreland St. Fredericton, NB E3B
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How to fill out calculating a parental contribution:

01
Gather all necessary financial information, including income statements, tax returns, and any other relevant documentation.
02
Calculate the total income of both parents, taking into account salaries, bonuses, investments, and any other sources of income.
03
Determine the expenses of the child, such as education costs, healthcare expenses, and extracurricular activities.
04
Subtract any child-related tax deductions or credits that may apply to the parents.
05
Calculate the proportionate share of each parent's income based on their respective contribution to the total income.
06
Factor in any special circumstances or expenses that may affect the parental contribution, such as shared custody arrangements or medical expenses.
07
Use a child support calculator or consult with a legal professional to help determine the final parental contribution amount.

Who needs calculating a parental contribution:

01
Couples going through divorce or separation where there are children involved.
02
Parents who are in dispute or disagreement over the financial responsibilities towards their child.
03
Individuals or professionals involved in family law, mediation, or legal proceedings related to child support and custody arrangements.
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Calculating a parental contribution involves determining the amount of financial support that a parent is expected to provide for their child.
Parents who are divorced or separated and have custody of their child may be required to file calculating a parental contribution.
To fill out calculating a parental contribution, parents must provide information about their income, expenses, and other financial details.
The purpose of calculating a parental contribution is to ensure that both parents are financially supporting their child in a fair and equitable manner.
Information such as income, expenses, assets, and liabilities must be reported when calculating a parental contribution.
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