Division of Property

Generally, under the laws of the Province of Ontario, when parties separate they have a right to an equal share of the wealth they each acquired during the marriage. This process is called the equalization of net family property.

The determination of the net family properties to be equalized is a process that requires the careful determination of values for the assets and debts of each party at the date of the marriage of the parties, and at the date of separation.

In some unusual situations, the court may make an adjustment to the final property calculation to take into account extraordinary circumstances that existed during the marriage.