ARTICLE · 23 JULY 2025

What's That Worth, Anyways?

Lindsay Kenney LLP

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In family law matters involving the division of real estate, businesses, vehicles, luxury goods, and other assets, how does one determine the value?

CanadaFamily and Matrimonial

In family law matters involving the division of real estate, businesses, vehicles, luxury goods, and other assets, how does one determine the value?

Section 87 of the Family Law Act ("FLA") provides that:

Valuing family property and family debt

87 Unless an agreement or order provides otherwise and except in relation to a division of family property under Part 6,

(a) the value of family property must be based on its fair market value, and
(b) the value of family property and family debt must be determined as of the date

(i) an agreement dividing the family property and family debt is made, or
(ii) of the hearing before the court respecting the division of property and family debt.

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About Mackrell International – Canada - Lindsay Kenney LLP is a full service business law firm with offices in Vancouver and Langley, BC and a member of Mackrell International. Mackrell International – Canada is comprised of four independent law firms in Alberta, British Columbia, Ontario and Quebec. Each firm is regionally based and well-connected in our communities, an advantage shared with our clients. With close relations amongst our Canadian member firms, we are committed to working with clients who have legal needs in multiple jurisdictions within Canada.

This article is intended to be an overview and is for informational purposes only.

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