What is the net value of property acquired during a long-term relationship?
Ontario, Canada
The following excerpt is from Ward v. Ward, 2011 ONSC 570 (CanLII):
The Family Law Act focuses on the sharing of the net value of property acquired during cohabitation. See Burdette v. Burdette (1991), 3 0.R. (3rd) 513 (O.C.A.). The gift that the applicant received from her father was not property accumulated during cohabitation. Section 4(2) of the Family Law Act excludes property, other than a matrimonial home, that was acquired by gift or inheritance from a third person after the date of the marriage.
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