Property division in an uncontested divorce is based on mutual agreement between spouses.
In Ontario, property division during an uncontested divorce typically involves both parties agreeing on how to split their assets. The law generally mandates an equal division of property acquired during the marriage, but couples can negotiate the terms in their separation agreement. This agreement should address all assets and debts to ensure clarity and fairness. It’s crucial to fully disclose all financial information during this process to avoid disputes later.