Are you purchasing a substantial asset (such as a real estate property, a vehicle, boat, etc.) separately from your spouse or partner? Then you need to sign this Canada Asset Acquisition Agreement for a separately owned asset.
- This is a legal document which sets out in writing that you will be purchasing the property and making all the payments solely on your own.
- Your spouse/partner acknowledges that you will have sole ownership and waives any claims or rights that he or she might have by law with respect to the asset.
- This Agreement can be used in any Canadian province or territory.
Download the Canada Asset Acquisition Agreement (Separately Owned Asset) and sign it before you make that purchase. Otherwise you could lose part, or even all, of your share if you and your partner split up.