09/03/2026
How can debt affect the division of property after separation?
When calculating Net Family Property in Ontario, the answer is not always as simple as adding up assets and subtracting debts.
Contingent liabilities, including potential future obligations that may not yet be payable, can also become part of the discussion. Whether they should be recognized, and to what extent, can depend on the evidence, the likelihood of the liability arising, and the circumstances of the case.
In her latest article, Emma Robinson looks at how debt and contingent liabilities can affect equalization calculations and why these issues can become important when property is divided following a separation.
Read the full article here:
https://www.walkerhead.com/publication/equalization-of-net-family-property-with-debt-and-contingent-liabilities