Question: Jane and Cooper met on August 12, 2016. When they met Jane was working full time and owned a condo that she inherited from her

Jane and Cooper met on August 12, 2016. When they met Jane was working full time and owned a condo that she inherited from her late grandmother. Cooper was only working part-time because he was finishing his Master’s degree. He lived at home with his parents.

They decided to move in together when the pandemic began in March 2020. They did not sign any agreements before moving in together. They moved into a rented apartment together that is close to Cooper’s parents because they have some health issues so he wanted to stay near them.

They are contemplating getting married but Jane wants the big wedding so they have to wait until the pandemic is over and they can have big gatherings again. They have each started to save for the wedding. Jane has a TFSA account she opened for this in August 2020 and Cooper has a non-registered account he is saving in that he opened also in November 2019 that he will use for this purpose.

They provided you with the following information:

Ownership	Date accumulated	Asset	Value
Jane	N/A	Savings Account	$ 6,200
Jane	N/A	Chequing Account	$ 1,550
Jane	May 2014	Inherited Condo	$ 350,000
Jane	Oct 2015	Car	$ 45,000
Jane	Mar 2017	RRSP	$ 8,500
Jane	Jun 2019	TFSA 1	$ 12,000
Jane	Aug 2020	TFSA 2	$ 6,000
Cooper	N/A	Savings Account	$ 3,555
Cooper	N/A	Chequing Account	$ 2,100
Cooper	May 2019	Car	$ 60,000
Cooper	Aug 2019	TFSA	$ 5,200
Cooper	Nov 2019	Non-registered	$ 3,850
Joint	Jan 2021	Non-registered	$ 2,580
Cooper	Apr 2021	Credit card debt	$ 1,665
Jane	Sep 2018	Student loan	$ 12,900
Cooper	Apr 2020	Student loan	$ 14,220

Required:

a) How would assets be divided if they split today?

b) How would this be different if they were married the same day they moved in together? In your response identify the relevant Acts that dictate the separation of assets.

No calculations are required in your response.

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