Legal Question in Family Law in Canada
Disclosure
Is it true that when an ex-spouse requests financial statements, they have the legal right to see your bank statements and your credit card statements - isn't this private and fall under the information privacy act?
1 Answer from Attorneys
Re: Disclosure
In British Columbia, when child support or spousal support are involved you must provide the last 3 years worth of income tax returns, together with all attachments, and any other financial documents that will tend to either show your stated income and expenses or tend to disprove them. If you claim debt then you must normally provide the source documents such as creit card statements and bills and receipts to substantiate the debt; you must also do so to show the court your spending patterns. Your bank statements will normally serve a similar function. The privacy legislation in B.C. has nothing to do with it. A spouse who has been requested to provide financial information as defined in the B.C. Family Relations Act and who fails to do so is liable to a penalty of not more than $5,000.00 to be paid to the other party.