Does disclosure of income from a corporation in which the wife is a shareholder need to be limited to only the production of income and expense part of the corporation's financial statements?
Ontario, Canada
The following excerpt is from Matthys v. Foody, 2009 CanLII 33521 (ON SC):
The Respondent referred me to Pastway v. Pastway, [1999] O.J. No. 2525 (Sup.Ct.) in support of the proposition that disclosure from a spouse should be limited to only the production of the income and expense part of the financial statements of a corporation in which the spouse is a shareholder. Pastway, supra, deals specifically with disclosure required by s. 18 of the Child Support Guidelines, S.O.R./97-175, as am., with respect to a parent’s income for child support purposes, and is not applicable to the issues raised in this action.
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