Tag: Legal Framework for Property Division
Property Division in Toronto Divorces: What You Need to Know
Property Division Laws in Ontario
Under Ontario’s Family Law Act, property division is governed by principles designed to ensure fairness in the distribution of marital assets. Unlike some jurisdictions that adopt a community property approach, Ontario uses a method of “equalization,” a form of equitable distribution. This process does not necessarily mean that property is divided equally, but rather that the value accumulated during the marriage is divided fairly.