Getting Divorced or Separated from your Spouse
If your marriage breaks down, under the law you and your spouse may divide the total value of all the assets either of you accumulated during the marriage – including the value of your pension(s). This is known as equalizing your net family property.
You don’t have to split your pension(s), but they are often one of a couple’s biggest assets. If you do plan to divide your pension(s), you will need to determine their value, known as the Family Law Value.
Note that if you were in a common-law relationship, your pension(s) can only be divided if you both agree.
FSCO has more information about family law as it pertains to your pension(s), as well as the forms you need to apply for your Family Law Value. This can be a complicated process – to ensure you understand your legal rights and obligations, you and your spouse may want to get independent legal and financial advice.