What is “marital property?”
— Ryan R.
The phrase "marital property" comes from the laws in the USA. We in Canada do not use this phrase. Essentially, it is property acquired during the marriage. In Ontario, if you purchase property you own it whether it was purchased before or during a marriage. In Ontario, if you were married and separate, you don't have a right to your spouse's property but rather a right to equalize the value of the property acquired during the marriage. Go to http://galbraithfamilylaw.com/equalization/ for a complete explanation of how the equalization process works.