Disclaimer: This article aims to provide educational information surrounding child support. It is not intended to serve as legal advice. Consult with a lawyer and exercise your discretion before taking action based on the information provided in the blog.

If you are trying to determine your child support, as well as figure out how to co-parent with your ex-partner, the last thing you want to do is gather a pile of financial documents. 

However, financial disclosure is a necessary part of the child support process, regardless of whether you are the payor or the recipient.

This article outlines the financial disclosure requirements in child support cases and the key documents you must provide. 

For more information about child support, we have written a variety of articles, including: 

• Your Guide to Child Support and Section 7 Expenses
• How does shared parenting time affect child support payments in Ontario?
• When does child support end in Ontario?

Do the Financial Disclosure Obligations Apply to Me? 

If you have a court order for child support, the answer is yes. 

Both parties involved in the child support arrangement must provide annual financial disclosures. This allows the courts to be sure that the child support being paid is accurate and reflects any changes in either party’s financial circumstances. 

If you have a separation agreement, the answer is yes. 

The requirement for disclosure is set out in the Child Support Guidelines.

What Kind of Financial Information Do You Need to Provide Under the Family Law Rules?

When it comes to providing disclosure, it will depend on how you earn income. 

You will need to provide: 

• Personal Tax Returns and Notices of Assessment: Copies of your tax returns and notices of assessment or reassessment for the last three years.
• For employees: A copy of your most recent statement of earnings, including overtime. A letter from your employer outlining your salary and benefits may be sufficient.
• For self-employed parents: Copies of your business’s financial statements and a breakdown of how much you paid yourself or related parties (such as your spouse or relatives).
• If you are part of a partnership or control a corporation: Copies of relevant financial statements and documentation that reflect your income, draw, and capital from the business.
• If you earn other income, such as employment insurance, social assistance, or disability payments: Copies of relevant statements or a letter confirming the amounts.

Have questions about child support and your financial statements? Get in touch with our family lawyers today!

Your child has the right to be fairly supported. We know you want to be transparent about your financial disclosure, but it can be complicated. 

By understanding your rights and responsibilities, you can prioritize your child’s best interests, whether you are the payor or the recipient. 

At Plat Simionati LLP, we are a full-service law firm specializing in family law, including collaborative family law services and mediation. We have helped our clients with a wide range of family law issues, including domestic contracts, child support, spousal support, and more. 

Let us help you find the right solution for your family. Contact us today to learn more.