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Affidavit Of Financial Declaration Template for Canada

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Key Requirements PROMPT example:

Affidavit Of Financial Declaration

"I need an Affidavit of Financial Declaration for my upcoming divorce proceedings in Ontario, with emphasis on declaring my primary employment income as a software engineer and my investment portfolio, including RSPs and TFSAs, to be submitted by March 2025."

Document background
The Affidavit of Financial Declaration is a crucial legal document required in Canadian family law proceedings, particularly in cases involving divorce, separation, child support, spousal support, or property division. This sworn statement provides a comprehensive snapshot of an individual's financial situation, including all sources of income, expenses, assets, and liabilities. The document must comply with both federal and provincial legislation, including the Divorce Act and provincial family law statutes. It serves as a foundational document for courts to make informed decisions about financial matters in family law cases, and making false statements in this affidavit can have serious legal consequences. The document must be sworn before a commissioner of oaths, making it a formal legal declaration under Canadian law.
Suggested Sections

1. Introduction and Oath: Formal introduction identifying the deponent and containing the sworn statement

2. Personal Information: Basic details including full name, address, occupation, and family status

3. Employment Information: Current employment status, employer details, and nature of work

4. Income Details: Comprehensive breakdown of all income sources including salary, benefits, bonuses, and other compensation

5. Monthly Expenses: Detailed listing of all regular monthly expenses including household, transportation, and personal costs

6. Assets: Complete listing of all assets including real estate, vehicles, bank accounts, and investments

7. Debts and Liabilities: All outstanding debts including mortgages, loans, credit cards, and other financial obligations

8. Declaration of Completeness: Statement confirming the information provided is complete, accurate, and true

9. Signature Block: Space for signature, date, and commissioner of oaths' certification

Optional Sections

1. Business Interests: Required when the deponent owns or has interest in any business entities

2. Trust Interests: Required when the deponent is a beneficiary or trustee of any trusts

3. Disposal of Assets: Required when there have been significant asset transfers in the relevant period

4. Special Expenses: Required when claiming special or extraordinary expenses for children

5. Future Income Changes: Required when there are known or anticipated significant changes to income

6. Non-Recurring Expenses: Required when there are significant one-time or irregular expenses

7. Foreign Assets and Income: Required when there are assets or income sources outside the country

Suggested Schedules

1. Schedule A - Income Tax Returns: Copies of tax returns and notices of assessment for the required years

2. Schedule B - Pay Statements: Recent pay stubs or proof of income from all sources

3. Schedule C - Bank Statements: Statements for all bank accounts for the required period

4. Schedule D - Investment Statements: Documentation of all investment accounts and holdings

5. Schedule E - Real Estate Documentation: Property assessments, mortgage statements, and related documents

6. Schedule F - Business Financial Statements: Financial statements for any business interests

7. Schedule G - Credit Card Statements: Statements for all credit cards and lines of credit

8. Schedule H - Vehicle Documentation: Registration and valuation for all vehicles owned

9. Schedule I - Supporting Documents: Additional relevant financial documentation including insurance policies, loan agreements, etc.

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses





























Relevant Industries

Legal Services

Family Law

Financial Services

Court Services

Public Administration

Professional Services

Banking

Accounting

Real Estate

Insurance

Relevant Teams

Legal

Family Law

Litigation

Document Processing

Court Administration

Financial Advisory

Client Services

Compliance

Risk Management

Administrative Support

Relevant Roles

Family Law Attorney

Legal Assistant

Paralegal

Court Clerk

Commissioner of Oaths

Family Law Judge

Financial Advisor

Accountant

Legal Document Specialist

Family Law Mediator

Court Administrator

Family Law Associate

Legal Secretary

Financial Analyst

Estate Planner

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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