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Our Toronto property division lawyers at 55 University Avenue calculate net family property, identify excluded property and deductions, handle complex asset division including businesses, pensions, and investment portfolios, and represent clients at trial when agreement is not possible.
Book a Free Consultation →55 University Avenue, Toronto | Property Division | NFP Calculations | Business Valuation | Free Consultations
Ontario's Family Law Act does not require married spouses to split their assets 50/50. Instead, each spouse is entitled to "equalization", a payment that equalizes the increase in their net worth during the marriage. The spouse who accumulated more net worth during the marriage pays an equalization payment to the other.
The calculation is more complex than it sounds. Each spouse's "net family property" (NFP) must be calculated: the net value of all property owned at separation, minus the net value of property owned at marriage (with important adjustments), minus excluded property (inheritances, gifts from third parties, and certain damages), plus the matrimonial home, which has special rules. The spouse with the higher NFP pays half the difference to the other.
Our Toronto property division lawyers handle the full range of complexity, from straightforward equalization calculations with standard assets to multi-property files with business interests, pension valuations, shareholder loans, and international assets.
Our office is within reach of the key courts for your matter. We appear in these courts regularly and know the local judicial culture well.
All property division claims under the Family Law Act are heard in Ontario Superior Court. Equalization payment claims, possession of the matrimonial home, and business valuation disputes are all filed here.
Complex business valuation and corporate asset claims connected to family law may be heard on the Commercial List in appropriate cases.
We represent Toronto clients across the full spectrum of property division matters, from initial NFP calculations to contested equalization trials.
Accurate NFP calculation is the foundation of every equalization claim. We compile each spouse's full asset and liability schedule as of the date of separation and the date of marriage, apply appropriate exclusions and deductions, account for the matrimonial home separately, and arrive at a defensible equalization payment figure. For complex files, we work with business valuators, actuaries, and forensic accountants.
When a spouse owns a business, the business interest must be valued as part of NFP. Business valuation in family law is a specialized discipline, different from the values used for commercial transactions, and the methodology (fair market value vs. notional disposition value) can materially affect the equalization payment. We retain and instruct qualified business valuators and challenge the opposing side's valuation evidence.
The matrimonial home has unique rules under the Family Law Act. Neither spouse can sell or encumber the matrimonial home without the other's consent. There is no pre-marriage deduction, even if one spouse owned the home before marriage. We handle possession orders, exclusive possession applications, and disputes about whether a property qualifies as a matrimonial home.
Our family lawyers offer free initial consultations. Call us, email us, or use our contact form to book your appointment.
55 University Ave, Suite 1100
Toronto, ON M5J 2H7
90 Matheson Blvd W, Suite 101, Mississauga, ON L5R 3R3
4750 Yonge St, Suite 600, North York, ON M2N 0J6
277 Lakeshore Rd E, Suite 408, Oakville, ON L6J 1H9
Monday – Friday: 9:00 AM – 6:00 PM
Evenings & weekends by appointment