Assets are divided based on the net family property, which aims for equalization between spouses.

In Ontario, the equalization of net family property ensures that both spouses leave the marriage with an equal share of the assets acquired during the marriage. This process involves calculating the value of all assets owned on the separation date, subtracting liabilities, and splitting the difference. Certain assets like inheritances and gifts may be exempt, but generally, the family home and other significant assets are divided equally.