Section 12 and 40 of the Family Law Act states the law on the issue of depletion of property and preservation of property. Recently, the Superior Court of Ontario rendered a decision on this issue and decided that the respondent’s delay in production of disclosure and disregard for court orders gave way to an order against him. For a full reading of the decision, please see below:
http://www.canlii.org/en/on/onsc/doc/2016/2016onsc2414/2016onsc2414.html