I am looking for the specific and correct legal position and process on when the equalization payment is due. My ex-wife and I have been separated for a year, our home has been sold. Additional funds are owed (beyond 50% of RRSP) to her as I am retaining our vacation property. I am unable to split my RSP's via a T2220 without a signed separation agreement. I have paid some of the additional funds (cash) as we continue to haggle over our separation agreement. Additionally the Net Family Property Statement has not been signed by my ex. The property statement is fairly straight forward however I did agree to inherit additional debt as part of our negotiations.
I have requested that she sign the net family property statement witnessed by her lawyer. My ex is stating that this is irrelevant. I am aware of the risk of paying her prior to settling however I would like to know the exact legal process of how and when the equalization payment is and when it should processed.
I have requested that she sign the net family property statement witnessed by her lawyer. My ex is stating that this is irrelevant. I am aware of the risk of paying her prior to settling however I would like to know the exact legal process of how and when the equalization payment is and when it should processed.
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