Your home. It is likely your most valuable and valued asset. But were you aware that your home may qualify for special treatment under Ontario law? A matrimonial home is defined by the Family Law Act as every property in which a person has an interest which is or was, at separation, “ordinarily occupied” by married spouses as their “family residence.” Spouses can have more than one matrimonial home. For example, they may have a city residence and a cottage property.
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Photo by Magnus Lögdberg