Business Valuation for a Divorce
When a married couple files for divorce in Ontario they must declare the value of all their assets and liabilities as of their date of marriage and the date of separation. Generally, the increase in the value of a couple's net assets (assets less liabilities) during their marriage must be divided equally. This is typically accomplished through an equalization payment. If one spouse owns a business, has stock options or owns other assets where value cannot be easily determined, a chartered business valuator will be required to determine the fair market value of the business, shares, stock options or other assets.
Income Assessment Reports - Child Support & Spousal Support
In order to determine a spouse's obligation for child and spousal support, an income assessment report may be required. An income assessment report is usually required when an individual is self-employed or owns a business, as an individual's income according to their tax returns may not accurately reflect the income that is available income to a spouse.
In order to accurately determine the appropriate amount of child support or spousal support, an accurate income assessment is a critical step in ensuring fairness and transparency.
The situations that normally require an income assessment are when a spouse:
Our professional services include:
Please contact us to discuss your needs. You can telephone us at 905-592-1525 or fill out our contact form.
Our principal, Steve Skrlac, has valued hundreds of businesses and also has significant transaction experience. He has the background and education to issue a valuation report that you can rely on. Steve Skrlac is a Chartered Business Valuator (CBV) and a Chartered Financial Analyst (CFA). Steve also holds a Bachelor's Degree in Economics and a Master's Degree in Business Administration.
Steve Skrlac, B.A. (Econ), MBA, CFA, CBV
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Keystone Business Valuations can provide clients with a full suite of services.
In the context of a divorce we can provide business valuation, income assessment for spousal & child support obligations, and other related services. We are also trained in the Collaborative divorce process.
Please contact us for a free consultation
Our telephone number is 905-592-1525
Our office is in Burlington and we serve clients across the Greater Toronto Area, Oakville, Burlington, Hamilton, KW and the Niagara Region.
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Chartered Business Valuators serving the GTA including Toronto, Mississauga, Oakville, Burlington, Hamilton & southern Ontario.