Getting divorced

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Getting divorced

Preparing for divorce
What are the big money dangers for couples that divorce?
How do I prepare financially for divorce?
Where can I get advice about money matters when I divorce?

After divorce
How do I make a budget?
Reviewing your estate plan: when you get divorced
What insurance do I need after a divorce?
What money mistakes should I avoid if I don’t know what to do?

Case studies
Handling a smaller divorce settlement: Lori and Len’s story
Handling a larger divorce settlement: May and June’s story

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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