Spousal Support Calculation Ontario

Summary

In Ontario, spousal support is determined by factors such as the length of the marriage, income differences, and roles during the marriage. The Spousal Support Advisory Guidelines (SSAG) provide a range for support amounts, but consulting a lawyer is recommended for precise calculations. Financial disclosure is essential in divorce proceedings, requiring full and honest disclosure of assets, liabilities, income, and expenses. Premarital assets are considered, but only the increase in value during the marriage is typically subject to equalization. For Locked-In Retirement Accounts (LIRA), the increase in value after marriage is considered for equalization. If pre-marital values are unclear, providing account statements and consulting a lawyer or financial expert is advised.

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Ssag calculste
To calculate spousal support in Ontario using the Spousal Support Advisory Guidelines (SSAG), consider these factors:
- Length of the marriage
- Difference in incomes
- Roles and responsibilities during the marriage
- Needs of each spouse
For a precise calculation, it's best to consult a lawyer. Would you like help connecting with local lawyers?
Financual disclosure revisuon
It sounds like you need help with a financial disclosure revision in Ontario. Financial disclosure is crucial during divorce proceedings, especially when calculating spousal support. Here are some key points:
- All assets, liabilities, income, and expenses must be disclosed.
- Both parties must provide full and honest disclosure.
- Financial statements need to be accurate and up-to-date.
Is there a specific aspect of the financial disclosure or calculation that you need more information on?
Premarital asset value only after marriage
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In Ontario, premarital assets are typically considered when dividing property during a divorce, but only the increase in value of those assets during the marriage is usually subject to equalization. However, there are exceptions and nuances which may apply.
Is there a specific concern about how your premarital assets are being assessed?
Lira value 1 year after married
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In Ontario, the increase in value of a Locked-In Retirement Account (LIRA) after marriage is typically considered for equalization during divorce. For precise calculations, consulting a lawyer is recommended.
Is there any specific concern you have about the LIRA value assessment?
Can not get value pre marital on lira
Case Rating: *
In Ontario, the increase in value of a LIRA after marriage is typically considered for equalization. If you're unable to determine the pre-marital value of the LIRA, you might need to provide all account statements and documentation from the time before marriage. Consulting a financial expert or lawyer can be beneficial.
Would you like to connect with local lawyers who can better assist you with your case?