Under the Ontario Family Law Act, a pension is considered “property” and is valued in accordance with the Pension Benefits Act. Following the breakdown of a spousal relationship, Ontario law provides that each spouse is automatically entitled to a share of the other spouse’s pension. This is so because pension plans form part of the family assets which are to be equalized upon separation or divorce.
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About the author
Russell Alexander is the Founder & Senior Partner of Russell Alexander Collaborative Family Lawyers.