Day: November 14, 2024

Financial Disclosure Requirements for Separation Agreements in Ontario

Financial Disclosure Requirements for Separation Agreements in Ontario

Key Financial Documents Required in Ontario The disclosure process requires thorough documentation covering income, assets, liabilities, and retirement accounts. Below are the key documents typically needed: 1. Income Statements Pay Stubs: Recent pay stubs that show regular income and deductions. These help establish each party’s current earning capacity. Tax Returns: Complete tax returns from the past three years, including notices of assessment. These documents provide an accurate view of annual earnings and any additional income sources. Other Proofs of Income: For self-employed individuals or those with variable income, it’s essential to include business financial statements, dividends, rental income, or any…
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