Wednesday, August 14, 2024

Wise Law's Family #LawFact of the Day: Net Family Property in Ontario


Ontario’s Family Law Act (FLA) governs the equalization and division of property between spouses upon marital separation.

It applies only to spouses who are legally married.

A spouse may be entitled to an equalization payment where their net family property is less than the net family property of their spouse.

- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net

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