Only the member of an employer-sponsored pension plan may request valuation. Your options are limited. You may deal with your spouse directly to obtain the relevant information or you may do so through your legal representative. Your spouse may provide statements from the administrator of their pension plan indicating the pension’s value. This may not be sufficient for purposes of equalization, however. The generally accepted valuation document for equalization purposes is one which confirms the Family Law Value of the pension. Such valuation documents are provided by the Financial Services Commission of Ontario (FSCO), a provincial agency which regulates pension plans, among other things. A FSCO pension valuation will identify the amount of your spouse’s pension which is subject to equalization and calculation of their Net Family Property.
Stay in Touch
Keep learning about the latest issues in Ontario family law! Subscribe to our latest articles delivered to your inbox, or listen to our Podcast Family Law Now.
Be sure to find out more about the "new normal", by visiting our Covid-19 and Divorce Information Centre.
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.