Division of matrimonial property can often become more complicated when there is a family farm involved. This paper considers the application of the Matrimonial Property Act, RSA 2000, c M-8, to family farms. It discusses considerations for exemption claims for farms and sets out the matrimonial property division process. It also discusses property evaluation, including methodologies, valuation sources, and date of valuation. Additionally, tax considerations involved in dividing a family farm are highlighted, and settlement options are discussed.

This paper is part of a collection presented at LESA’s Family Farm Issues in Red Deer on October 27, 2017 and in Lethbridge on November 3, 2017.