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pre-nup

So the basic idea is that, under section 5(1) of the Ontario Family Law Act, when a married couple gets a divorce (or through a court order declaring the marriage a nullity) or is separated and there is no reasonable prospect that they will resume cohabitation, then their NET FAMILY PROPERTY is divided in half. OK so what is NET FAMILY PROPERTY and how do you calculate it? That’s where this blog comes into play.

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When a marriage breaks down, the Ontario Family Law Act kicks in with an EQUALIZATION OF NET FAMILY PROPERTY REGIME.

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