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MARITAL PROPERTY - Equalization or division - Considerations - Taxation consequences or costs of disposition - Asset types - Business, commercial or non-family assets

Thursday, December 01, 2016 @ 7:00 PM  

Appeal by the husband from an order valuing family property and debt and ordering him to pay compensation to the wife to effect an equal division of family property and debt. The compensation payment was only payable on the eventual sale of the husband’s dental practice. He conducted his practice through a professional corporation, HMI. The husband owned all of the voting shares of HMI, while its non-voting shares were held by the HMI family trust, of which the husband was trustee. The beneficiaries of the...