Form 15-47 Saskatchewan: Financial Disclosure in Divorce

Form 15-47 is Saskatchewan's mandatory sworn Financial Statement — the document that forces both spouses to lay out every dollar of income, every monthly expense, and their total net worth under oath. If you are dividing property or claiming support, this form is non-negotiable. And incomplete or improperly sworn submissions get rejected at the Court of King's Bench registry counter.

What Form 15-47 Requires

The Financial Statement is a comprehensive document covering three areas:

Income: All sources — employment income, self-employment earnings, investment returns, rental income, government benefits, pension income. You must provide your three most recent income tax returns and Notices of Assessment to back up these figures.

Monthly expenses: A detailed household budget — housing costs, utilities, groceries, transportation, insurance, childcare, medical expenses, debt payments, and personal spending. The court uses this to assess spousal support needs and each party's standard of living.

Net worth: A summary balance sheet — all assets minus all liabilities. This connects to Form 15-49 (Property Statement), which provides the detailed inventory.

The form must be sworn or affirmed before a commissioner for oaths. A notary public or lawyer can serve as the commissioner.

Form 15-49: The Property Statement

Form 15-49 is the companion document — a sworn inventory of every asset, debt, and claimed exemption. This is where you list:

• Real property (house, land, rental properties) with current appraised values
• Bank accounts and their balances
• RRSPs, TFSAs, and other investment accounts
• Employer pension plans with current statements
• Vehicles and their fair market values
• Business interests and corporate shares
• All debts: mortgages, car loans, credit cards, lines of credit, tax liabilities
• Section 23 exemption claims with supporting documentation

The 30-Day Disclosure Window

Under the King's Bench Rules, both parties must exchange completed Form 15-47 and Form 15-49 within 30 days. If your spouse fails to provide their disclosure, you have a powerful enforcement tool: Form 15-52 (Notice to Disclose).

Form 15-52 compels a spouse to produce specific financial documents within 30 days:

• Three most recent income tax returns and Notices of Assessment
• Three most recent pay stubs or employment insurance statements
• Most recent pension plan statements
• Bank statements for the past three months
• Credit card statements for the past three months
• Statements for all RRSPs, LIRAs, and investment portfolios

What Happens When a Spouse Hides Assets

Under Rule 15-59, if a spouse fails to comply with a Notice to Disclose, the court can:

• Draw an adverse inference — presume they are hiding assets and estimate values against their interest
• Impute a higher income for support calculation purposes
• Order immediate delivery of documents
• Order their employer to disclose financial data directly to the court
• Award full indemnity costs — meaning the non-disclosing spouse pays all of the other party's legal fees

These penalties are real and regularly enforced. Saskatchewan courts take disclosure obligations seriously because the entire equal-division framework depends on both parties providing honest, complete financial information.

Common Mistakes That Get Forms Rejected

Not swearing the form: The Financial Statement must be sworn before a commissioner for oaths. An unsigned or unsworn form is not a valid filing.

Missing supporting documents: The registry expects tax returns, Notices of Assessment, and pay stubs attached. Forms submitted without supporting documentation are sent back.

Incomplete expense sections: Leaving expense categories blank suggests the form was not completed in good faith. Estimate if you must, but do not leave lines empty.

Stale valuations: Property values, bank balances, and pension statements should be as current as possible — preferably within 60 days of filing.

Getting Organized Before You Start

The biggest practical challenge with Form 15-47 is not the form itself — it is gathering the 30+ documents needed to fill it out accurately. The Saskatchewan Divorce Financial Split & Asset Division Guide includes a financial disclosure checklist that maps every required document to its corresponding section on Forms 15-47 and 15-49, so nothing gets missed and your filing is accepted the first time.

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