How do fluctuations in currency exchange rates affect my support payments?
If you have a support order that was made outside Canada and registered in Ontario, or a support order that was made in Ontario and registered outside Canada, the fluctuations of currency rates will probably affect your support payments. When an order made outside Canada is registered in the Ontario court, the order is converted to Canadian currency using the exchange rate that was in effect on the date of the order, if available. Exchange rates are available if the Bank of Canada was monitoring the exchange rates for that country on that date. If the exchange rate is not available, the order is converted to Canadian currency using the exchange rate that is in effect on the date of registration in the Ontario court (Ontario Regulation 55/03 under the ISO Act). The converted Canadian amount is the amount that can be enforced by the Family Responsibility Office. Currency exchange rates may be obtained from the Bank of Canada website.
