Property Division

Equalization of Your Property.

Property Division may be Complex, but understanding your Options doesn't have to be.

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That's why we've designed a simplified online family property calculator, designed to help you understand the bigger picture and start modeling out your strategy for property division and equalization.

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If you want to find more info before entering the numbers in this calculation, check out our Briefing on Property division.

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Together we hope that this tool and the accompanying informatino will help distill your situation into a clearer picture of what comes next.

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Want to refine the calculations further and move them toward legal accuracy? That's where a consultation comes in. In a focused discussion, we can:

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Assess the specific facts of your case and identify what matters most legally
Explain which options are realistic given your situation and goals
Address the questions these briefings can't answer—the ones specific to you
Address the nuances not captured by the calculator, such as post-separation date adjustments, common law and trust aspects of property division, and additional calculations and line items that could affect the outcome in your given situation.

You don't need to have everything figured out beforecalling. Most people don't. A consultation helps you understand what you'refacing and what steps make sense, whether that's negotiation, mediation, orcourt proceedings.

‍Ready to discuss your situation?

Book a consultation or call us to get started.

Or if you are still gathering information, have a look at the resources belowto better understand the principles that apply to your situation.

To learn more about our approach, check out our three step process, which is designed to simplify give direction to what can sometimes feel overwhelming.

Three step process

Sheard Law | Ontario Equalization Payment Estimator

A tool for preliminary calculations and big-picture modelling only. Results should not be relied upon where precise figures are required. Enter values for both spouses below. All calculations run locally in your browser — nothing is submitted or stored.

Spouse 1

Date of Marriage

Date of Marriage Residence

Net Equity at Date of Marriage

Enter the value of the home at the date of marriage minus any mortgage or HELOC balance at that time. Include this even if you owned the home before marriage — use the checkbox below to flag it as the same home you lived in at separation.

This was the same matrimonial home as at separation Ontario law does not permit the date-of-marriage value of the matrimonial home to be deducted from Net Family Property. Tick this box to exclude this amount from the date-of-marriage deduction.

Matrimonial home equity excluded from date-of-marriage deduction. The net equity figure above will not reduce your Net Family Property. Note: additional adjustments may apply, including for realty fees and other disposition costs — consult a lawyer for a precise calculation.

Other Assets at Date of Marriage

All other property owned at the date of marriage — RRSPs, investments, vehicles, savings, other real estate

Other Debts & Liabilities at Date of Marriage

All other debts at the date of marriage — loans, credit cards, student debt, lines of credit not secured on the matrimonial home

Date of Separation

Matrimonial Home — Ownership at Separation

Jointly Owned Solely Owned

Select an ownership type to see the relevant fields.

Other Assets at Separation

All other assets at the date of separation — RRSPs, pensions, investments, vehicles, savings, other real estate. Enter your share of any jointly held assets.

Other Debts & Liabilities at Separation

All other debts at separation — loans, credit cards, lines of credit not secured on the matrimonial home. Enter your share of any joint debts.

Estimated Tax Liabilities on Assets

Capital gains, RRSP / pension income tax — often overlooked

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Notional liabilities that crystallize when assets are sold or withdrawn. They reduce the real economic value of your assets at separation. Estimates are sufficient here — your lawyer or accountant can confirm exact amounts.

Capital Gains Tax (investment properties, non-registered accounts)

Income Tax on RRSPs / RRIFs

Typically 15–35% of the registered account balance depending on marginal rate

Tax on Pension Commuted Value

Total tax liability (added to separation debts) $0.00

Excluded Property at Separation

Gifts or inheritances from third parties received during marriage and still traceable, life insurance proceeds, personal injury damages — per Family Law Act s. 4(2)

Spouse 2

Date of Marriage

Date of Marriage Residence

Net Equity at Date of Marriage

Other Assets at Date of Marriage

All other property owned at the date of marriage — RRSPs, investments, vehicles, savings, other real estate

Other Debts & Liabilities at Date of Marriage

All other debts at the date of marriage — loans, credit cards, student debt, lines of credit not secured on the matrimonial home

Date of Separation

Matrimonial Home — Ownership at Separation

Jointly Owned Solely Owned

Select an ownership type to see the relevant fields.

Other Assets at Separation

All other assets at the date of separation — RRSPs, pensions, investments, vehicles, savings, other real estate. Enter your share of any jointly held assets.

Other Debts & Liabilities at Separation

All other debts at separation — loans, credit cards, lines of credit not secured on the matrimonial home. Enter your share of any joint debts.

Estimated Tax Liabilities on Assets

Capital gains, RRSP / pension income tax — often overlooked

▼

Capital Gains Tax (investment properties, non-registered accounts)

Income Tax on RRSPs / RRIFs

Typically 15–35% of the registered account balance depending on marginal rate

Tax on Pension Commuted Value

Total tax liability (added to separation debts) $0.00

Excluded Property at Separation

Gifts or inheritances from third parties received during marriage and still traceable, life insurance proceeds, personal injury damages — per Family Law Act s. 4(2)

Calculation Summary

Spouse 1 — NFP Breakdown

Spouse 2 — NFP Breakdown

Equalization Payment

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Matrimonial Home — Date of Marriage: One or both spouses owned the matrimonial home before marriage. The calculator has correctly excluded the date-of-marriage net equity from the date-of-marriage deduction, as required by Ontario's Family Law Act. This is a technically complex area and a common source of dispute. Additional adjustments for realty fees, disposition costs, or other factors may apply. Professional advice is strongly recommended.

Disclaimer: This estimator is a tool for preliminary calculations and big-picture modelling only. It does not constitute legal advice and should not be relied upon where precise results are required. The calculation of equalization under Ontario's Family Law Act involves complex rules regarding the matrimonial home, excluded property, business valuations, pension divisions, and tax implications that this tool cannot fully capture. This tool does not include post-separation date adjustments. It does not include support considerations. Results may vary significantly from a court-determined outcome. Consult a qualified family law lawyer for advice specific to your situation.

These numbers are a starting point. Pensions, business valuations, excluded property claims, tax implications, and post-separation adjustments can significantly change the outcome. A consultation can help you understand what your numbers actually mean for your financial future.

Book a Consultation Call 416-860-9990