Under Ontario’s Family Law Act, the matrimonial home is treated differently from other assets. Regardless of whose name is on title, both spouses have an equal right to possess the home until it is sold or a court orders otherwise. Importantly, a spouse cannot deduct...
For equalization under Ontario family law, “property” includes all assets of value owned by either spouse. This can include real estate, bank accounts, vehicles, pensions, RRSPs, business interests, stock options, and certain trust interests. Some property is excluded...
In Ontario, married spouses share in the growth of their family property during the marriage through a process called equalization of net family property. Each spouse calculates the value of their assets and debts on the date of separation, then subtracts what they...
