All couples need to determine how to divide any property that was acquired before, during and after a relationship. This applies to all couples, whether they are married, Adult Interdependent Partners, or unmarried couples who do not meet the criteria to be Adult Interdependent Partners.
Property includes your assets, belongings, and debts. By default, the date to divide property is the date of trial or the date an agreement is signed. This means you will need to keep track of and disclose any property acquired after the date of separation. The parties can agree to a date to divide the property if they wish. It is usually a significant date, such as the date of separation or the date at which one party moved out of the family home.
Adult Interdependent Partners and unmarried couples have two years from the date of separation to make a claim for the division of family property. Married couples have two years from the date of the divorce judgment.
Alberta’s Family Property Act applies to spouses and adult interdependent partners who separated on or after January 1, 2020.
If you are an unmarried couple who does not meet the criteria of being Adult Interdependent Partners, you can still choose to divide property by agreement in accordance with the Family Property Act. If there is no agreement, the property is divided using general property principles. Typically, this means that whoever purchased the property retains that property, however, the principle of unjust enrichment also applies.
For Adult Interdependent Partners and married couples, property division occurs in accordance with the Family Property Act. The default is an equitable division of property acquired during the relationship, including any increase in value of property acquired prior to the relationship, but there may be certain exemptions or reasons why an equitable division is not appropriate.