Uncovering Hidden Assets in Ontario Divorces – What You Need to Know

Divorce is already stressful enough without the added worry that your spouse might not be fully honest about their finances. Yet in Ontario family law, full financial disclosure isn’t just a courtesy—it’s the law.

Why Financial Disclosure Is Mandatory in Ontario

Under Ontario’s Family Law Rules, both parties must provide accurate and complete details about their finances. This includes:

• Three years of income tax returns and notices of assessment

• Bank, credit card, and loan statements

• Property deeds and valuations

• Pension, RRSP, and investment account details

  
  

Without this information, courts cannot fairly calculate child support, spousal support, or determine the equalization of net family property.

Common Red Flags of Hidden Assets

It can be difficult to know if your spouse is being fully transparent. Some warning signs include:

• Transferring money to relatives or friends under the guise of “repaying a loan”

• Sudden use of cash for major expenses

• Opening bank accounts in children’s names

• Lifestyle upgrades that don’t match reported income

• Bonuses or business income that go undisclosed

  
  

Concealing assets is a violation of Ontario law. If discovered, the courts can order penalties, re-open settlements, and even award legal costs against the spouse hiding assets.

How a Family Lawyer Helps

If you suspect hidden assets, it’s critical to act strategically—not emotionally. A lawyer can:

• File motions for disclosure when financial information is missing

• Question your spouse under oath

• Work with forensic accountants to trace funds

• Ensure evidence is legally admissible in court

Take Control of Your Divorce At Michael Coristine Law, we know how frustrating it is to feel your spouse is hiding money. We work diligently to uncover the truth, protect your rights, and secure a fair settlement.Contact us today for a consultation and take the first step toward protecting your financial future.