Ontario Court | Legal Case – Financial Information Form (Form 20I) – Rules of the Small Claims Court Forms

Financial Information Form (Form 20I) – Rules of the Small Claims Court Forms – Ontario Court Services

The Financial Information Form (Form 20I) is a detailed document used in the legal process for debt examination. It is to be completed by the debtor and served on the creditor. The debtor must also bring this completed form along with supporting documents, to the examination hearing. This form provides a comprehensive overview of the debtor’s financial situation, detailing income, expenses, debts, and assets, ensuring the judge has a clear understanding during the examination hearing.

The Financial Information Form (Form 20I) is designed to provide a comprehensive overview of your financial situation for debt examination purposes. Follow these step-by-step instructions to complete the form accurately:

Section 1: Monthly Income

Employer(s)

1. • List all employers and your net salary from each.

Commissions

1. • Include any commissions earned.

Tips and Gratuities

1. • Record any tips and gratuities received.

Employment Insurance

1. • State any employment insurance benefits.

Pension Income

1. • Include any pension income.

Investment Income

1. • Record income from investments.

Rental Income

1. • State any rental income received.

Business Income

1. • Include income from any business activities.

Child Tax Benefit

1. • Record the amount received for child tax benefits.

Maintenance (if any)

1. • Include any maintenance payments received.

Monthly Income of Other Adult Household Members

1. • State the combined monthly income of other adults in your household.

Other Income

1. • Include any other sources of income not listed above.

Income Assistance

1. • Record any income assistance received.

Income Total

1. • Sum all income sources to get the total monthly income.

Section 2: Monthly Expenses

Rent/Mortgage

1. • Record your monthly rent or mortgage payment.

Maintenance/Support Payments

1. • Include any maintenance or support payments made.

Property Taxes

1. • State monthly property taxes if applicable.

Utilities (Heat, Water & Light)

1. • Include all utility expenses.

Phone

1. • Record your monthly phone bill.

Cable

1. • Include the cost of cable services.

House/Tenant Insurance

1. • State your house or tenant insurance premium.

Life Insurance

1. • Record your life insurance premium.

Food

1. • Include your monthly grocery and food expenses.

Childcare/Babysitting

1. • Record expenses for childcare or babysitting.

Motor Vehicle (Lease or Loan)

1. • Include all motor vehicle-related expenses (licence, insurance, fuel, maintenance).

Transportation (Public)

1. • Record expenses for public transportation.

Expenses Total

1. • Sum all expenses to get the total monthly expenses.

Section 3: Monthly Debts

Credit Card(s) Payments

1. • Specify each credit card and the monthly payment.

Bank or Finance Company Loan Payments

1. • Include monthly payments for each loan from banks or finance companies.

Department Store(s) Payments

1. • Record payments for any department store credit accounts.

Debts Total

1. • Sum all monthly debt payments to get the total monthly debts.

Section 4: Value of Assets

Real Estate Equity

1. • Record the market value of any real estate owned and subtract the mortgage balance.

Automobile Equity

1. • Include the make, year, and loan balance of any vehicles owned.

Bank or Other Account Balances (Including RRSPs)

1. • State the balances of all bank accounts and RRSPs.

Stocks & Bonds

1. • Record the value of any stocks and bonds.

Life Insurance (Cash Value)

1. • Include the cash value of any life insurance policies.

Money Owing to You

1. • Record any money owed to you, along with the debtor’s name.

Personal Property

1. • Include the value of personal property owned.

Cash

1. • Record the amount of cash on hand.

Other

1. • Include any other assets not listed above.

Total Value of Assets

1. • Sum the values of all assets to get the total value.

Final Steps

• Name and Signature
  • Print your name and sign the form.
• Supporting Documents
  • Bring documents supporting the information provided to the examination hearing.
• Submission
  • Serve a completed copy of this form to the creditor. Do not file it at the court office.

By following these steps, you ensure that all necessary information is accurately provided, helping the judge understand your financial situation during the examination hearing.