The parties signed Minutes of Settlement in 1996 providing for child and spousal support, which could be varied upon a material change in circumstances.
Shortly after signing, the appellant husband cashed in significant stock options and received a substantial salary increase, but failed to disclose this to the respondent wife.
The trial judge found these events constituted a material change in circumstances, implied a duty to disclose, and awarded retroactive child and spousal support.
The Court of Appeal upheld the trial judge's findings on the characterization of the stock options as income, the material change in circumstances, and the implied duty to disclose.
However, the Court allowed the appeal in part, finding the trial judge erred in awarding the Federal Child Support Guidelines table amount for the period prior to the Guidelines coming into force in May 1997.