Financial Statement (Form 13.1, Form 13) (ON)

Summary

This practice note sets out instructions to complete all sections of a Financial Statement (Property and Support Claims) (Form 13.1) and a Financial Statement (Support Claims) (Form 13) in Ontario. It offers pointers and reminders for filling in the income section of the financial statement, such as what types of income should be listed on the financial statement and how any necessary calculations should be performed, how to deal with any non-cash benefits that the client may have received and how to list their value. It clarifies the confusion in the financial statement as to how to list many of the expenses that the client incurs on a regular basis. It sets out what assets should be included in the financial statement, including moveable property of value such as cars, boats, jewelry, antiques, works of art; any land that the client owns or owned; types of financial instruments and insurance policies to be included; types of business arrangements that must be listed; various types of...