As mentioned in a separate Resources Post, in Ontario, property is not divided, but rather a payment is made for the value of the difference between the net property each spouse accumulates during the marriage. This payment is called an equalization payment. While the court normally does not force one spouse to transfer property directly […]
In Ontario, property division is a bit of a misnomer, meaning it does not accurately describe how property issues are dealt with in Ontario. In Ontario, property is generally not physically divided. Rather, the spouse with more property pays the spouse with less property ½ the difference, so that each party’s net worth accumulated during […]
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