Catherine Hyde, Paralegal
It’s tax time and hopefully you have filed your tax return. You obtained copies of your T4s, T5s, receipts for medical or children’s expenses, business or rental income information. You provided these to your accountant or perhaps prepared your own tax return, and once done, received the Notice of Assessment confirming that…
Catherine Hyde, Paralegal
On May 2, 2015, the Family Law Rules changed to provide for additional requirements for financial disclosure, whether for a property claim or a support claim. The Rules now provide that unless the court orders otherwise, specific items of disclosure as set out in the Rules, be attached to a new…
Often in Family Law proceedings clients feel bogged down by requests to produce documents. Clients have at times expressed to me a dissatisfaction with having to produce bank statements for past years, attachments from income tax returns, documents that are not easily obtainable or papers that may have existed in the past but may take…
The first step to complete in your financial statement relates to your income. Your income is important in order to determine the amount of child support you will pay in accordance with the Federal Child Support Guidelines.
Determining what your income is is usually fairly straight forward if you are a T4 employee. You state…
The law clerks at Barriston have focused on the various sections of a Financial Statement. Part 4(b) identifies household contents, vehicles and other items.
Just as a quick refresher: remember that your Financial Statement is a snapshot of your financial situation. Only include an asset that you are the registered owner of. For example, it…
The Business Interests section of a Financial Statement is often what I call a “work-in-progress”.
In today’s economy, it is common that a spouse will be self-employed, working for his or her own sole proprietorship or a partnership. This partnership can be with the other spouse or a third party.
Also, on the advice of…
It seems there are as many types of insurance as there are insurance companies or agents. The industry has created a variety of products designed to fill a variety of purposes, including coverage for debts, illness, injury or disability as well as life insurance.
There are two basic types of life insurance – term and…
Section 5 – Debts & Liabilities – It is your Advantage to List All Debts & Liabilities
In my previous blog I wrote about Section 4 (c) of the Financial Statement and noted to the readers to stay tuned for Section 5.
Again, Section 5 offers different columns. The first column is the “date of…
If you have been following the “Matrimonial Matters” blog written by my two colleagues (Cathy and Evelyn), you will see a general pattern with respect to the explanation of each individual section of Form 13.1 – Financial Statement.
While this document is considered to be one of the most important documents with respect to family…
A Financial Statement. It may sound simple enough but this document could be the most intensive exercise you undertake and is an essential step in your Family Law matter. A properly prepared Financial Statement is critical to settlement and is the cornerstone of financial disclosure, a term you will encounter often.
A Financial Statement is…
