I cannot find any detains on how Ontario law Deals with the splitting of assets in a divorce. I am specifically interested in if their are any exemptions to inherited family property (a farm owned by grandmother and father), which passed to the divorcee (I will call him Joe) through the death of the grandmother (directly) and gifted by the father.
These transferal of the property was prior to the marriage.
The couple lived on the property for about a decade. I am not aware of the exact numbers but I think Joe provided what would be considered well below the poverty line, perhaps around the poverty line in income near the end.
At present, the wife (I will call her Jane) has a job that I think outstrips his past or present income. And Joe has some farm machinery, but 99% of his assets are in the property. Some half-done renovations were done to the house, but none of the value of the property is in the house.
I cannot find any details on Ontario law on if Jane would be eligible to 50% of the farm; Eligible to 50% of the increase in the value of the farm over the term of their marriage due to the rising market; If she can force him to sell the farm; etc?