Net Family Property
In Ontario, the difference between assets acquired during marriage and debts, used to calculate equalization payment.
Example
Her net family property was $200,000 higher, requiring him to pay an equalization amount.
Canadian Equivalent
In Canada, this is referred to as Net Family Property (Ontario-specific concept under Family Law Act s.4).
Related Terms
equalization-paymentfamily-law-act-ontarioexcluded-property