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Difference between revisions of "Starting a Court Proceeding in a Family Matter"
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Starting a Court Proceeding in a Family Matter (view source)
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===Financial statements=== | ===Financial statements=== | ||
If a court proceeding involves a claim for spousal support, child support, the division of property or the division of debt, each party must prepare and file a ''Financial | If a court proceeding involves a claim for spousal support, child support, the division of property or the division of debt, each party must prepare and file a ''Financial Statement'' in Form F8. A financial statement sets out a person's income, expenses, assets and liabilities and is sworn on oath or affirmation, just like an affidavit, by a lawyer, notary public, or registry clerk. | ||
Financial statements are very important in family law proceedings. The portions about income are critical for determining child support and spousal support, and, unless there are appraisals or other documents that establish value, the portions about assets and debts may be used to determine the value of an asset and the amount owing on a debt. As well, since financial statements are sworn statements, someone making a financial statement can find his or her credibility being challenged if the numbers don't make sense, if they are overblown or understated, if they omit critical information, or if they are outright fabrications. | Financial statements are very important in family law proceedings. The portions about income are critical for determining child support and spousal support, and, unless there are appraisals or other documents that establish value, the portions about assets and debts may be used to determine the value of an asset and the amount owing on a debt. As well, since financial statements are sworn statements, someone making a financial statement can find his or her credibility being challenged if the numbers don't make sense, if they are overblown or understated, if they omit critical information, or if they are outright fabrications. | ||
Each party must attach to their | Each party must attach to their financial statements a number of important documents: | ||
#the last three years' worth of tax returns (what's required is the complete income tax and benefit return, not tax return "summaries" or "informations"), | #the last three years' worth of tax returns (what's required is the complete income tax and benefit return, not tax return "summaries" or "informations"), | ||
