The Financial Affidavit For Divorce is a mandatory document in Canadian divorce proceedings, required when matters of property division, child support, or spousal support are at issue. This sworn statement provides the court with a comprehensive overview of a party's financial situation, including all sources of income, expenses, assets, and liabilities. The document must be completed with utmost accuracy and honesty, as it is sworn under oath and carries legal consequences for false statements. It serves as the foundation for court decisions regarding financial aspects of divorce and must comply with both federal and provincial requirements. The affidavit is typically filed early in divorce proceedings and may need to be updated if significant financial changes occur during the process. Supporting documentation, such as tax returns, pay stubs, and bank statements, must be attached to verify the information provided.
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1. Personal Information: Identification of the deponent including full name, address, and relationship to the divorce proceedings
2. Employment Information: Current employment status, employer details, position, and length of employment
3. Income Sources: Detailed breakdown of all income sources including employment, investments, government benefits, and other sources
4. Monthly Expenses: Comprehensive list of all regular monthly expenses including housing, utilities, food, transportation, and personal expenses
5. Assets: Complete listing of all assets including real estate, vehicles, bank accounts, investments, and personal property
6. Liabilities: All debts and financial obligations including mortgages, loans, credit cards, and other debts
7. Declaration of Completeness: Sworn statement confirming the completeness and accuracy of the information provided
8. Certification: Notarization section including date, signature, and notary details
1. Business Interests: Detailed information about any owned businesses, including value, income, and ownership percentage - required if deponent owns or has interest in any business
2. Investment Portfolio Details: Detailed breakdown of investment accounts and holdings - required for complex investment portfolios
3. Pension and Retirement Accounts: Detailed information about pension plans and retirement savings - required if applicable
4. Children's Expenses: Detailed breakdown of expenses related to children - required if children are involved
5. Recent Changes in Financial Situation: Description of any significant changes in income or expenses - required if recent changes have occurred
6. Expected Future Changes: Declaration of any known future changes in income or expenses - required if changes are anticipated
1. Schedule A - Income Verification: Copies of pay stubs, T4s, tax returns, and other income verification documents
2. Schedule B - Asset Documentation: Supporting documents for assets including property assessments, vehicle valuations, and account statements
3. Schedule C - Expense Receipts: Supporting documentation for claimed expenses
4. Schedule D - Debt Verification: Copies of mortgage statements, loan documents, and credit card statements
5. Schedule E - Business Financial Statements: Financial statements for any owned businesses
6. Appendix 1 - Bank Statements: Last 6 months of statements for all bank accounts
7. Appendix 2 - Investment Statements: Recent statements for all investment accounts
8. Appendix 3 - Property Valuations: Professional appraisals or market valuations for significant assets
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