Form 13 Financial Disclosure

Who will use a Form 13 for financial disclosure?
- A party making or responding to spousal claim only
- A party who is responding to a claim for child supportÂ
- A party who is asking for child support different than table amountÂ
It is used when there are only support claims, no property claims. Its focus is on income and expenses.
What are key differences between Form 13 and Form 13.1?
- Form 13 is for child and spousal support only whereas Form 13.1 is for property division and support
- Form 13.1 is shorter and fewer sections to fill as compared to Form 13.1 which is longer and more detailed
- common for common-law couples whereas Form 13.1 is generally for married spouses
- Form 13.1 wants values for 3 different times while Form 13 only asks for today’s value
What sections are common to the two forms?
Both forms require the following information:
- Personal information
- Details of IncomeÂ
- Monthly living expenses
- Section 7 expenses for children
- Value of current assets and liabilities
What information do you need to fill out the form?
You will need to collect the following Employment Information:
- Pay Cheque Stub(s)
- Pension stub
- Social Assistance Stub
- Employment Insurance Stub
- Workers Compensation Stub
- Most recent ROE/letter from employer
- financial statements (business)
Which financial records do you need to collect?
You will need to collect the following documents:
- Bank Statements
- Credit Card Statements
- Mortgage Statements
- Utility billsÂ
- Personal Income Tax Returns (last 3 years)
- Business Income Tax Returns (last 3 years)
- Notice of Assessments (NOA)
- Or An Income and Deductions printout from Canada Revenue Agency (for any years where taxes were not filed) 1-800-959-8281
- Or If you are an Indian within the meaning of the Indian Act (Canada) and have not filed income tax returns for the last 3 years you will need to find any documents with proof of income (last 3 years)
Which sections are unique to Form 13.1?
The following sections are unique to Form 13.1 and are listed with its value at the date of marriage, the date of separation and at the current moment:
- Property – Real estate, vehicles, investments, pensions, etc. .
- Debts — Mortgages, loans, credit cards, etc. existing at the date of marriage, the date of separation and currently
- Exclusions – inheritances and gifts
- Insurance information
What sections are in the form 13?
Part 1: Income
Part 2: Expenses
Part 3: Assets
Part 4: Debts
Part 5: Summary of Assets and Liabilities
Schedule A – Additional Sources of Income (for example partnership income, dividends, rental income, capital gains or RRSP income)
Schedule B – Other Income Earners in the Home (spousal support or undue hardship under Child Support Guidelines)
Schedule C – Special or Extraordinary Expenses for the Child(ren) – you or the other party has sought a contribution towards special or extraordinary expenses for the children.
When is it not necessary to fill out the five parts of the form?
A party responding to a claim for child support in the table amount specified under the Child Support Guidelines.
How do you figure out expenses for this form 13?
- To get monthly amount, multiply the weekly cost of an expense by 4.3.
- To get yearly amount, multiply the monthly cost of an expense by 12.
- To get monthly cost, divide the annual cost by 12.
How often do financial statements need to be updated?
If your Form 13 is more than 30 days old, it will need to be updated or a Form 14: Affidavit to confirm it is still true.Â