Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the marriage, kept separate bank accounts, bought a house with an interest-free loan from Igorâ€TMs father. They provided the following balance sheets as of the dates of marriage and as of separation:
Assets: At Marriage At Separation
Bank Accounts (Angelaâ€TMs) $5,000 $10,000
Mutual Funds (Angelaâ€TMs name) $30,000 45,000
Stock portfolio (Igorâ€TMs name) 150,000 180,000
Bond portfolio (Igorâ€TMs name) 50,000 40,000
Cars (Igorâ€TMs $5,000, Angelaâ€TMs $8,000) 23,000 13,000
House (joint) 350,000
Personal Assets 8,000 10,000
Liabilities:
Credit Cards 10,000
Loan from Igorâ€TMs father 50,000
Mortgage from bank on the house 230,000
Angela lost $25,000 in a casino in 2009, but she hid the fact from Igor. This was later found out by Igor, who is very angry that Angela still owes a mutual friend $10,000. The friend loaned her the money at that time to pay off the loan shark at the casino.
Required:
What is their net worth as of the date of marriage and as of the date of separation?
What and how much will each get, according to the Ontario Family Law Act?