How is the family home split in a divorce in Ontario?

In Ontario, the matrimonial home is typically split 50-50 between spouses during divorce, regardless of ownership. Under Ontario's Family Law Act , the matrimonial home receives special treatment during divorce proceedings. Both spouses have equal right to possess the family home, even if only one person's name is on the title. Common resolution options include: Selling the home and dividing the proceeds equally One spouse buying out the other's share at fair market value Deferred sale arrangement where one spouse remains temporarily Trading the home's value against other family assets It's important to note that even if one spouse owned the home before marriage, its full value must still be shared equally upon divorce. Professional guidance from a family law expert can help determine the most beneficial arrangement for both parties.

Ontario Divorce: Matrimonial Home Split 50-50 Explained

In Ontario, the matrimonial home is typically split 50-50 between spouses during divorce, regardless of ownership.

Under Ontario’s Family Law Act, the matrimonial home receives special treatment during divorce proceedings. Both spouses have equal right to possess the family home, even if only one person’s name is on the title. Common resolution options include:

Selling the home and dividing the proceeds equally
One spouse buying out the other’s share at fair market value
Deferred sale arrangement where one spouse remains temporarily
Trading the home’s value against other family assets

It’s important to note that even if one spouse owned the home before marriage, its full value must still be shared equally upon divorce. Professional guidance from a family law expert can help determine the most beneficial arrangement for both parties.