“Restructuring”

Jurisdiction: Canada Canada

Under the Advisory Guidelines, the trading-off of amount against duration to restructure the outcomes generated by the formulas. Restructuring may be used in one of three ways: (1) to increase the amount of spousal support and shorten duration; (2) to extend duration and reduce the monthly amount; or (3) to formulate a lump sum by multiplying amount by duration. In restructuring, the global amount of support remains the same. (See also global amount and lump sum spousal support.)

Source: Glossary of Terms - Spousal Support Advisory Guidelines July 2008, Department of Justice Canada