Division of property: A common misconception is that divorce requires Ontario couples to equally split all their property, including the matrimonial home. Rather, what Ontario actually requires (re property division) is that separated spouses must equally share in the increased wealth that they accumulated during their marriage. (There is no provision that provides for equal sharing of financial losses.)
I don't like Separation Agreements. Many would surely disagree. In my view, Separation Agreements are not always that easy to enforce. It is much better to have a court order, especially if you seek to enforce a parenting plan. While the provincial government has a government agency mandated to enforce support orders, no similar agency exists with respect to enforcing parenting provisions. So, I don't like Separation Agreements.