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Welcome everyone, Im Russell Alexander. Ive been a lawyer with the team here at Russell Alexander Collaborative Family Lawyers for over 20 years. Without further ado, lets get into todays topic: Thinking to Hide Personal Assets Behind a Corporate Structure? Think again! Under Canadian law, a corporation is considered a separate legal entity, in-and-of-itself. Conceptually, it has ownership of its own assets; these are kept separate from those individuals who run or have a financial interest in the company, such as directors, officers and shareholders. As legally sound as this principle may be, it can pose a problem in divorce cases, when one spouse runs a company and misuses the corporation as a separate entity. For concept, to try to shelter personal assets from the other spouse. This was the scenario facing the Ontario court in a case called Jamieson. The husband had full control over the assets of the corporation. Those corporate assets included two bank accounts and some inve
