News Releases
More Than 100,000 Canadians Go "Splitsville" Each Year
TORONTO, ONTARIO--(Marketwire - Oct. 4, 2011) - A correction from source is being issued with respect to the BMO Financial Group release issued on October 4, 2011 at 1:46 PM ET. The release stated that a panel conference call would take place on Wednesday, October 6, 2011, and should correctly read Thursday, October 6, 2011. The complete and corrected release follows.
According to Statistics Canada, 43 per cent of marriages are expected to end in divorce before they reach their 50th anniversary. Every year more than 100,000 individuals in Canada go through divorce. While divorce is not a topic frequently discussed by couples, there are personal consequences and many legal and financial implications as well.
A new study from BMO Financial Group shows the majority of couples are unprepared to deal with what is considered to be one of the most stressful events in a couple's life.
| WHAT: | ||
| Media representatives are invited to a panel conference call on October 6th at 11 a.m. ET featuring experts who will discuss a variety of topics including: | ||
| • | What are the tax and financial implications of divorce and how can one adequately prepare? | |
| • | Are there regional differences for laws pertaining to divorce? | |
| • | How has family and divorce law evolved over the past few decades, including the new Ontario pension rules in 2011? | |
| • | What are the common misconceptions around divorce? | |
| • | What are the implications on privately-held businesses? | |
| WHO: | ||
| • | Caroline Dabu, Vice President, Retirement & Financial Planning, BMO Financial Group | |
| • | Stephen Grant, LL.B, McCarthy Tetrault LLP | |
| • | Laura Parsons, Mortgage Specialist, BMO Bank of Montreal | |
| • | John Waters, Tax Planning Specialist, BMO Nesbitt Burns | |
| WHEN: | ||
| Thursday, October 6, 2011 at 11 a.m. ET | ||
| WHERE: | ||
| Media are invited to participate through conference call: 416-641-2144 or toll-free at 1-866-696-5910 | ||
| Participant Passcode: 7245762 | ||
Please contact us at 416-867-3996 to confirm attendance or if you have any questions.
Amanda Robinson, Toronto
(416) 867-3996
amanda.robinson@bmo.com