Tag: Marital Property Division
Understanding Marital Property in Ontario
What is Marital Property?
In Ontario, “marital property” refers to the assets and property that both spouses accumulate during their marriage. Under Ontario’s Family Law Act, marital property is generally considered to belong equally to both spouses, regardless of whose name is on the title or who paid for it. When spouses separate or divorce, this property is usually divided equally through a process called “equalization of net family property.”