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Getting divorced

It’s a time of enormous transition that can be very stressful. Your finances could change significantly — especially if you have children. You may need to move to a smaller house or apartment, and share any joint debt as well as savings. You may also have to adapt to a lower income. Almost a third of all single parents live below Canada’s Low Income Cut-Off:
  • $17,570 for a single person in Toronto, after taxes, and
  • $33,221 for a family of four, after taxes.
These resources will help you prepare for the financial changes ahead. You’ll find links to more topics on each page you visit.
 

 Related tools & topics

 
Checklist:
Getting through a divorce: A financial checklist
Video:
Managing debt
Calculator:
How long will it take for my investments to recover?
Link:
Government of Ontario website on divorce, with links to find a mediator or lawyer in Ontario.
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