Jing and Jack have filed for divorce and are dividing their assets. When they married five years ago, Jing had a house valued at $450,000 with a $200,000 mortgage and an RRSP with a market value of $75,000. Jack came into the marriage with an RRSP and its market value was $125,000. They lived in Jing's house for the entire duration of their marriage and paid off the mortgage. The current value of Jing's RRSP, Jack's RRSP, and the house are $100,000, $90,000, and $600,000, respectively. What is the total value of family property that will be divided between Jing and Jack?

Answer rating: 100% (QA)

During the marriage the following assets were acquired 1 Jings house Valued at 600000 2 Jings RRSP V... View the full answer