Can My Spouse Take Half of Everything When We Separate in BC?

This answer covers the law of British Columbia.

Not necessarily everything, but the default is an equal split of family property and family debt. On separation each spouse has a right to an undivided half interest in all family property, and both are responsible for family debt, subject to any agreement or order.

Excluded property includes property acquired before the relationship began, inheritances and gifts from a third party, and the spouse claiming it is excluded must demonstrate that. The increase in value of excluded property during the relationship can still be divided. Family debt covers obligations incurred from the start of the relationship until separation. Debts incurred after separation count only if incurred to maintain family property. Family property is valued at fair market value, with its value and family debt determined as of the date of the agreement or the hearing.

The Supreme Court can order an unequal division if equal division would be significantly unfair, considering factors such as relationship length and contribution to the other spouse's career. Spouses can also agree to a different split. A lawyer can explain how this applies to your assets, and it is very important to speak to one before signing a document that settles matters with a spouse.