How to split assets in a divorce in Ontario?

In Ontario, matrimonial assets are typically divided equally between spouses through equalization of net family property. The process of dividing assets during an Ontario divorce follows the Family Law Act , which requires a fair distribution of matrimonial property. Each spouse must complete a detailed financial statement listing all assets and debts acquired during the marriage. Assets typically subject to division include: Real estate , including the matrimonial home Financial accounts and investments Pension plans and retirement savings Business interests and professional practices Vehicles and valuable personal property The law calculates the difference between each spouse's net worth on the date of marriage versus separation. This difference is then equalized between both parties, ensuring each spouse receives an equal share of the wealth accumulated during the marriage. Certain assets, like inheritances or gifts from third parties, may be excluded if kept separate from family assets.

Ontario Divorce: Equal Division of Matrimonial Assets

In Ontario, matrimonial assets are typically divided equally between spouses through equalization of net family property.

The process of dividing assets during an Ontario divorce follows the Family Law Act, which requires a fair distribution of matrimonial property. Each spouse must complete a detailed financial statement listing all assets and debts acquired during the marriage.

Assets typically subject to division include:

Real estate, including the matrimonial home
Financial accounts and investments
Pension plans and retirement savings
Business interests and professional practices
Vehicles and valuable personal property

The law calculates the difference between each spouse’s net worth on the date of marriage versus separation. This difference is then equalized between both parties, ensuring each spouse receives an equal share of the wealth accumulated during the marriage. Certain assets, like inheritances or gifts from third parties, may be excluded if kept separate from family assets.