Financial disclosure is mandatory in Ontario divorces and cannot be legally refused
Refusing to provide financial disclosure during divorce proceedings in Ontario can have serious consequences. The Family Law Act requires both parties to provide complete and accurate financial information. Failure to comply may result in:
- Court-imposed financial penalties and sanctions
- Being held in contempt of court
- The court making decisions without your input
- Having your pleadings struck from the record
- Paying the other party’s legal costs
The court may also make assumptions about your finances that could be disadvantageous to your position. It’s always in your best interest to provide thorough and honest financial disclosure as required by law.