Contested Divorce

How to Protect Your Assets in a Contested Divorce in Ontario

Contested Divorce
 

What Assets Are Subject to Division in Ontario

Overview of Net Family Property (NFP) Equalization

Ontario does not automatically split assets 50/50. Instead, each spouse calculates their Net Family Property, which represents the increase in their net worth during the marriage.

In simplified terms:
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  • Each spouse determines the value of all property on the date of separation
  • Subtracts:
    • The value of property owned on the date of marriage
    • Most debts and liabilities
  • The spouse with the higher NFP pays the other spouse an equalization payment equal to half the difference