Difference between revisions of "Property and Debt in Family Law Matters"
Jump to navigation
Jump to search
Nate Russell (talk | contribs) |
Nate Russell (talk | contribs) |
||
| Line 6: | Line 6: | ||
}} | }} | ||
Under the provincial ''[[Family Law Act | Under the provincial ''[[Family Law Act]]'', each spouse is presumed to keep what he or she brought into their relationship and to share in the things they acquire during their relationship. The same rules apply about debt; spouses are presumed to share responsibility for the debts that accumulated during their relationship. The federal ''[[Divorce Act]]'' doesn't talk about the division of property or debt. | ||
This page provides an introduction to the division of property and debt between spouses and how the property rules of the ''Family Law Act'' are different from the ''[[Family Relations Act]]'', the rules about property that apply to couples who are not spouses, and some of the income tax issues that can come up when dividing property. The pages that follow will go into the rules about the division of property and debt in a lot more detail. | This page provides an introduction to the division of property and debt between spouses and how the property rules of the ''Family Law Act'' are different from the ''[[Family Relations Act]]'', the rules about property that apply to couples who are not spouses, and some of the income tax issues that can come up when dividing property. The pages that follow will go into the rules about the division of property and debt in a lot more detail. | ||