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Old 06-07-2017, 04:58 AM
Berner_Faith Berner_Faith is offline
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Join Date: May 2011
Location: Ontario
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I am not sure what is left to negotiate if you did proper equalization... although I didn't see anywhere about savings, RRSPs, etc. Those also have to be equalized. So if that was not done you could owe her more money. I agree with waiting to see what they formally respond to the court with. Don't respond to her lawyer letter, you have already served her so it's now up to her to go through the proper channels and respond via court.

Any equalization payment will be based on time of separation. I would prepare by making a list of all debts and assets at the time of separation. Including any savings accounts, RRSPs, etc.

It's not uncommon for parents to help their children out... if you're in your 20s I can assume you most likely finished school a few years ago and are starting to get in your feet. There is nothing wrong with parents helping out. There is nothing to claim for that either. Only difference it would make is if these credit cards that were paid off before separation were still used in equalization. Say they paid off $5000 on credit card debt, you can't say you had a $5000 credit card at time of separation to lower the equalization payment. In your case it should be simple math

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