The Affidavit of Net Worth is a crucial legal document in Canadian jurisdictions, required in various legal proceedings where detailed financial disclosure is necessary. This sworn statement is commonly used in divorce proceedings, family law matters, bankruptcy cases, and other situations requiring comprehensive financial disclosure. The document must comply with both federal and provincial legislation, including the Canada Evidence Act and provincial family law statutes. It provides a detailed accounting of an individual's entire financial position, including all assets, liabilities, income sources, and expenses. The Affidavit of Net Worth must be sworn before an authorized official, making it a formal declaration under oath with legal consequences for false or misleading information. This document serves as a foundation for court decisions regarding asset division, support payments, and financial obligations.
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1. Personal Information: Declarant's full name, address, occupation, employer details, and family status
2. Declaration and Oath: Formal statement confirming the truth of the contents and understanding of legal obligations
3. Income Sources: Detailed breakdown of all income sources including employment, investments, rental income, and other sources
4. Monthly Expenses: Comprehensive list of all regular expenses including housing, utilities, insurance, food, transportation, etc.
5. Assets: Complete listing of all assets including real estate, vehicles, bank accounts, investments, and personal property
6. Liabilities: All debts and obligations including mortgages, loans, credit cards, and other financial obligations
7. Summary of Net Worth: Final calculation showing total assets minus total liabilities
1. Business Interests: Detailed information about owned businesses, partnerships, or self-employment when applicable
2. Trust Interests: Information about any trust relationships where the declarant is a beneficiary or trustee
3. Pending Claims or Lawsuits: Details of any ongoing litigation that could affect financial position
4. Recent Transfers: Information about significant property transfers within the past year
5. Cryptocurrency Holdings: Details of digital asset holdings when applicable
6. Expected Changes in Financial Position: Information about known future changes to income, assets, or liabilities
1. Schedule A - Income Documentation: Copies of recent pay stubs, tax returns, and other income verification
2. Schedule B - Bank Statements: Recent statements for all banking and investment accounts
3. Schedule C - Real Estate Documentation: Property assessments, mortgage statements, and related documents
4. Schedule D - Vehicle Documentation: Vehicle registrations, loans, and value assessments
5. Schedule E - Investment Portfolio: Detailed listing of all investments including statements and valuations
6. Schedule F - Business Financial Statements: Financial statements for any owned businesses
7. Schedule G - Debt Documentation: Statements for all loans, credit cards, and other debts
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