An equalization payment is the money one married partner pays to the other to divide the increase in the value of the couple's property that happened during the marriage. Usually this means that all assets and debts are valued on the day the couple married and on the day they separated to find the increase in the value during their marriage. The equalization payment is paid after the partners separate.
To calculate the equalization payment, each married partner calculates their net family property. The partner with the larger net family property subtracts the other partner's smaller net family property to find the difference between both net family properties. This difference is then divided in half to get the equalization payment that the first partner pays to the other partner.