Equalization of Net Family Property - Exercise Kyle and Katie have been married for 10 years. On the date of marriage, Kyle had a student loan of $25,000 and Katie owned a condo worth $200,000 (no mortgage). They sold the condo 4 years into their marriage for $400,000 and bought a new house which is now valued at $500,000. 3 years after they married, Kyle received an inheritance which he invested in RRSPs (in his name) which grew to a value of $350,000 by the date of separation. They had no other assets or debts. Calculate the Net Family Property for each, and the amount of the equalization payment

Answer rating: 100% (QA)

Net Family Property and Equalization Payment Calculation Net Family Property NFP is the val... View the full answer