How Do I Calculate My Net Family Property Step by Step in Ontario?

You calculate net family property by adding up everything you own on the valuation date, then subtracting excluded property, your debts and other liabilities, and the net value of property (other than a matrimonial home) you owned on the date of marriage. Do the same for your spouse, then compare the totals.

The spouse with the lower total is entitled to one-half the difference, and the spouse with the larger total pays. The valuation date is the earliest of separation with no reasonable prospect of resuming cohabitation, the date a divorce is granted, and the other dates the Act lists. Values are set as of close of business on that date.

Some points matter often. A home that is a matrimonial home on the valuation date gets no date-of-marriage deduction, so its full value counts. If your total is below zero, it is treated as zero. Gifts and inheritances received after the date of marriage, other than a matrimonial home, are excluded. You must prove any deduction or exclusion you claim, so gather statements and records early.