Division of Property
When a marriage ends, the equal contribution of each person to the marriage is recognized. The law provides that the value of any kind of property that was acquired by a spouse during the marriage and still exists at separation must be divided equally between the spouses. Also, any increase in the value of property owned by a spouse at the date of marriage must be shared. The payment that may be owed to one of the spouses in order to effect this sharing is called an equalization payment, or an equalization of net family property.
Original Article Source Credits: Ministry of the Attorney General , http://www.attorneygeneral.jus.gov.on.ca/
Article Written By: NA
Original Article Posted on: JUNE 26, 2019
Link to Original Article: http://www.attorneygeneral.jus.gov.on.ca/english/family/divorce/division_of_property/