Yes, debts incurred during the marriage are typically divided equally between spouses.

Just like assets, debts are shared in a divorce. In Ontario, any debts incurred during the marriage, including mortgages, loans, and credit card balances, are considered joint liabilities. Each spouse is responsible for their share of these debts, and they are factored into the net family property calculation. It’s important to make sure that your name is removed from any joint accounts to avoid future liability.