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Pensions

AN EXTRAORDINARY GROUP OF PASSIONATE LAWYERS, MEDIATORS AND ARBITRATORS.

A pension is an asset that must be valued and included in the calculation of net family property of the pension holder. Ontario pensions are now governed by legislation that requires the pension administrator to provide the Family Law Value that is to be included in the calculation of net family property. The law now allows the pension holder to choose whether to make an equalization payment or to transfer a portion of his/her pension to the other spouse to satisfy the equalization payment.

Federal pensions must be examined on a case-by-case basis to determine whether a private actuary must be retained to value the pension or whether the pension administrator will use the rules in place for Ontario pensions. In many cases, one spouse can transfer a portion of his or her Federal pension to the other spouse to satisfy an equalization payment owing.

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3300 Highway 7 West, Suite 210
Vaughan, Ontario L4K 4M3
Telephone: 416 987 3300

Fax: 905 907 0707

ABOUT US

Bortolussi Family Law is located in Vaughan, Ontario and serves the Greater Toronto Area including Woodbridge, Concord, Maple, Kleinburg, Thornhill,  Vaughan, Markham, Richmond Hill, Brampton, Bolton, Nobleton, Newmarket, Oxford, Orangeville, Aurora, North York, Etobicoke, Caledon, Whitchurch-Stouffville, King City, Schomberg, Mississauga, Oakville, Streetsville and Toronto.