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Chartered Business Valuators serving the GTA including Toronto, Mississauga, Oakville, Burlington, Hamilton & southern Ontario.
In the context of a divorce we can prepare a valuation report, a guideline income assessment report 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:
Read our article on Advice to Divorcing Business Owners.
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, an independent and objective Chartered Business Valuator (CBV) 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 independent 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.
If you need a small or mid-sized business valued or need guideline income assessment, please contact us.