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insights / family law

Tips from a Business Lawyer: Preparing a Financial Statement

Read time: 4-5 minutes What is a Financial Statement?  A Financial Statement is a court document that contains information about a person’s income, expenses, assets and debts. During the process of separation or divorce this document will be exchanged between the parties’ in order to help determine support payments (child or spousal) and the division […]

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Excluded Property Under the Family Law Act

Read time: 5 minutes In Ontario, the Family Law Act 1990 (the “Act”) excludes certain property from the net family property calculation. The Act defines net family property as the value of the property that each spouse owns on the valuation date, after deducting debts and liabilities, net of the value of property at the […]

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