In a divorce, what am I entitled to if my spouse has a business?

As a lawyer in Calgary, one of the questions that client's frequently ask me when discussing their divorce is: What am I entitled to from my spouse's business? Fortunately, the answer to that question is relatively straightforward. The answer is: If the business was started during the course of the marriage, any assets of the business will be deemed to be matrimonial property and will be divided in the same manner as all other matrimonial property. Ordinarily, there is not a dispute regarding whether the assets of the business are matrimonial property. However, frequently, there is a dispute between the parties regarding the value of the business and/or how the business is to be divided.

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