What happens to debts when splitting assets in a divorce in Ontario?

Debts incurred during the marriage are considered matrimonial debts and are typically divided equally between the spouses. This includes mortgages, credit card debts, and loans. A Divorce Mediator or Certified Divorce Financial Analyst can assist in determining a fair division of debts.

Ken Maynard CDFA, Acc.FM2024-05-16T14:16:11-04:00

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