Based on the rules concerning marital property and division

Reference no: EM133682321

Selena and Juan Ontario residents, were married and lived together in Ontario for 15 years before they unfortunately came to the mutual conclusion that they should separate and eventually divorce. The following is a list of the Assets that Selena and Juan identified as being obtained or accumulated during their Marriage:

Matrimonial Home - $700,000

RRSPs Selena - $200,000

RRSPs Juan - 120,000

Bank Accounts (jointly held) - $40,000

Non- Registered Investments - $50,000 (In Selena's Name - funds that she received from an inheritance shortly after they were married)

Proceeds of the sale of Juan's previous house ($150,000) he owned before they were married, which were used towards the purchase of Selena and Juan's Matrimonial Home shortly after they were married.

Based on the rules concerning Marital Property and division of it, when calculating Marital Property what amount would be credited to Selena?

Reference no: EM133682321

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