MARITAL PROPERTY - Equalization or division - Dissipation of assets, preservation of property

Law360 Canada ( May 5, 2021, 6:31 AM EDT) -- Appeal by the husband from trial judgment dividing matrimonial property, ordering him to pay lump sum spousal support and apportioning 70 per cent of the children’s special expenses to him. The parties married in 1999 and separated in 2012. The wife was a stay at home mother throughout the marriage. She had very limited work experience and worked part time earning $25 per hour at the time of trial. The husband, a building contractor, operated the family business, Spot. Spot was the main source of family income. Many expenses were run through the company as well, including vehicles and fuel. The husband controlled a joint line of credit, bank accounts and credit cards as well as the assets of Spot. The trial judge reapportioned two assets, investment certificates in a real property development and Spot, in favour of the wife after finding the husband wasted these assets. After imputing income of $150,000 to the husband and $25,000 to the wife, the judge ordered the husband to pay lump‑sum spousal support of $113,500....
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