What assets are considered in a divorce settlement in Ontario?

All property and assets acquired during marriage are subject to division in Ontario divorces In Ontario, matrimonial property division encompasses a wide range of assets acquired by either spouse during the marriage. The law considers both assets and debts when determining fair distribution. Common matrimonial assets include: The matrimonial home , regardless of whose name is on the title Financial accounts and investments (RRSPs, TFSAs, stocks) Pension plans and retirement savings Vehicles and recreational properties Business interests and partnerships Household items and valuable collections Certain assets may be exempt from division, including gifts and inheritances received during marriage, and property owned before the marriage date. It's essential to work with a qualified family law professional to properly identify, value, and categorize all assets for equitable distribution.

Ontario Divorce: Matrimonial Property Division Explained

All property and assets acquired during marriage are subject to division in Ontario divorces

In Ontario, matrimonial property division encompasses a wide range of assets acquired by either spouse during the marriage. The law considers both assets and debts when determining fair distribution.

Common matrimonial assets include:

The matrimonial home, regardless of whose name is on the title
Financial accounts and investments (RRSPs, TFSAs, stocks)
Pension plans and retirement savings
Vehicles and recreational properties
Business interests and partnerships
Household items and valuable collections

Certain assets may be exempt from division, including gifts and inheritances received during marriage, and property owned before the marriage date. It’s essential to work with a qualified family law professional to properly identify, value, and categorize all assets for equitable distribution.