What it does at the wedding
A prenuptial agreement sets how family property is divided if the marriage ends by separation, divorce or death. Where the agreement is enforceable, those terms apply instead of the division the Family Property Act would otherwise make.
One condition matters at the moment of the wedding itself. An agreement made before marriage is unenforceable after the marriage unless the agreement makes clear that the parties intended it to apply, or to keep applying, after they married.
A prenuptial agreement cannot decide parenting or child support. Parenting is decided under the Family Law Act (Alberta) on the best interests of the child. Child support is calculated under the Federal Child Support Guidelines.