If you own a business, how is it split in a divorce in Ontario?

A business owned during the marriage is considered a matrimonial asset. Its value will be assessed and included in the asset division. Options include selling the business and splitting the proceeds or one spouse buying out the other’s interest. Professional advice is crucial in valuing and dividing business assets fairly.

Ken Maynard CDFA, Acc.FM2024-05-16T14:18:07-04:00

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