February 11, 2022 – Balloons and the Date of Separation

“Marriages are like balloons. Sometimes they deflate immediately with a single puncture. But often the air escapes slowly as one or both parties withdraw physically, emotionally and financially. In these latter situations, separation is a process rather than an event, and it is difficult to assign a single date as the “date of separation”. Nevertheless, the law requires that a date be chosen for the purposes of valuation and equalization of net family property.”

         Cheng v. Sze, 2020 ONSC 937 (CanLII) at 3