Business assets are considered matrimonial property and must be divided equitably during an Ontario divorce

In Ontario, a business owned during marriage is treated as a matrimonial asset and must be included in the property division process. The business value is determined through professional valuation, considering factors like revenue, assets, and market conditions.

Common methods for dividing business interests include:

• Buyout arrangement – one spouse purchases the other’s share
• Asset offset – trading other assets of equal value
• Business sale – selling the enterprise and splitting proceeds
• Co-ownership – continuing to run the business together (less common)

Working with qualified business valuators, accountants, and family law professionals is essential to ensure accurate valuation and fair division while maintaining business operations during the separation process.