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Tag Archives: Property Division

Selling the house in the divorce? For best price work together

While it is not something most people probably think about leading up to, and at, their wedding, not all marriages make it. When a marriage ends in divorce, there are many things that need to be taken into consideration, including the division of assets. For many people who find themselves in this situation the most valuable asset that needs to be considered is the family…

Unfair divorce settlement could affect seniors well into retirement

In one of our posts from March, we discussed the upward trend of divorce among baby boomers and how separating seniors may have complex property division concerns. Dividing matrimonial property may be particularly complicated if either party has gone through a prior divorce or brought children into the marriage. A recent report on bankruptcy filings among seniors in Ontario underscores the importance of reaching a…

How does the matrimonial home factor into your divorce?

Ontario divorce law provides that divorcing spouses’ property will be divided down the middle so that each party receives an equal share of assets. The idea is simple, but the reality is that property division in Ontario is far more complex than a 50-50 split, especially with regard to the matrimonial home. Because each spouse is entitled to any increase in the value of matrimonial…

Being proactive can help guard against debt at divorce

For an untold number of people, divorce results in financial strain. This may be especially true for parents whose marriage is ending. Suddenly you face the costs not only of finding and paying for a new home; many, if not all, of your children’s belongings may have to be duplicated for each household. During a time when you need to be focused on emotional healing…

Each year, tens of thousands of Canadians endure the upheaval of divorce

Statistics Canada stopped collecting information strictly about divorces in 2008, but up until then the divorce trends in Canada were relatively stable. In recent decades, the annual rate of divorce has ranged from 35 per cent to 42 per cent, with the rate in 2008 being about 40 per cent. That year there were reportedly 70,226 divorces in Canada. Sadly, these numbers reflect frequent emotional…

What factors do Ontario judges consider when making spousal support decisions?

When you think of marriage, you likely think of a relationship based on emotions and shared experience. But the law views marriage differently. In Canada, provincial, territorial and federal laws treat spousal relationships as financial partnerships, and the law sets out rules for the division of matrimonial property when a spousal relationship ends. Often spousal support is one of the more complex and contentious financial…


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