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 of Russell Alexander Collaborative Family Lawyers and is the firm’s senior partner. At Russell Alexander, our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues, including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders. We have locations in Toronto, Markham, Whitby (Brooklin), Lindsay, and Peterborough.
For more information, visit our website, or you can call us at: 905-655-6335.