You will need to provide full financial disclosure of all assets, liabilities, and income.

In Ontario, financial disclosure is a crucial step in any divorce process. Both spouses must fill out a Financial Statement (Form 13 or 13.1), listing all assets, debts, and income. This includes everything from real estate to pensions, investments, and credit card debts. Accurate financial disclosure ensures a fair division of property and helps calculate any support payments. It’s also essential for maintaining trust and avoiding future disputes.