The Family Law Act in Ontario provides certain rules which govern the division of family property when spouses separate. The parties must, essentially, divide the differences in the increases in their net worth, from the date of marriage to the date of separation. Each party must determine his/her Net Family Property. This is defined as the value of all of the person’s property on...
Section 4(1) of the Family Law Act is the definition section of the Act dealing with property issues. The act states that a “Matrimonial Home” is defined as “every property in which a person has an interest and that is or, if the spouses have separated, was at the time of separation ordinarily occupied by the person and his or her spouse as their family residence is their...
