10. How is a business valued in an Ontario divorce?

A business interest owned by either spouse may be included in net family property and

may require a professional business valuation. Business valuation can involve corporate

shares, partnership interests, retained earnings, goodwill, shareholder loans, and

income available to the owner-spouse. In family law litigation, parties may also require

income determination reports, forensic accounting, and disclosure of corporate records

where income or asset values are disputed.