Ontario operates under the “Equalization of Net Family Property” system. You calculate your net worth growth from the date of marriage to the date of separation. The spouse with the higher growth (the “Net Family Property”) typically pays half the difference to the other spouse to ensure both leave with an equal share of the wealth built during the marriage.
Do I need a separation agreement if we don’t have kids?
Yes. Even without children, a separation agreement is vital to formally "waive" or set the terms for spousal support and to finalize the division of property and debts. Without a signed agreement, your ex-spouse could potentially...
