After having a discussion with some clients who had no idea about this, they suggested I should prepare a report about this.



This report provides a comprehensive analysis of "grey divorce" in Canada, a term referring to the dissolution of marriages involving at least one spouse aged 50 or over. While Canada's overall divorce rate has seen a notable decline since 1991, reaching its lowest point in decades in 2020, later-life marital dissolution presents a distinctive and complex trajectory. The age-specific divorce rates for individuals aged 50 and older have largely plateaued since the mid-2000s, following an initial rise, a trend that contrasts with the more dramatic increases observed in the United States over a similar period.

The prevalence of grey divorce is shaped by a complex interplay of demographic shifts, evolving societal norms, and significant economic factors. Key drivers include a reduced social stigma surrounding divorce, increased financial independence, particularly among women, and longer, healthier life expectancies that encourage individuals to seek personal fulfillment in their later years. Life stage transitions, such as the "empty nest" phase and the approach of retirement, often serve as catalysts for couples to reassess their marital satisfaction.

The implications of grey divorce are profound, particularly concerning financial well-being. The division of accumulated assets, including complex retirement plans and pensions, becomes a central legal and financial challenge. Notably, older women disproportionately experience a significant decline in their standard of living and wealth post-divorce, a vulnerability that is often exacerbated by lower re-partnering rates compared to men. This report underscores the necessity for specialized legal and financial planning, the increasing utility of mediation as a dispute resolution method, and the need for targeted social support systems and policy development to address the unique challenges faced by older adults navigating marital dissolution.



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