ARTICLE · 15 DECEMBER 2021

Pension Pitfalls - Part 1

Taylor McCaffrey

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The Pension Benefits Amendment Act, effective October 1, 2021, introduces some measures to provide greater flexibility to members and their spouses or common law partners that are helpful, ...

CanadaEmployment and HR

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The Pension Value Statement and Independent Legal Advice

The Pension Benefits Amendment Act, effective October 1, 2021, introduces some measures to provide greater flexibility to members and their spouses or common law partners that are helpful, but there are also some major changes in some of the protective measures of this legislation governing pensions within provincial legislation. Common-law partners under this legislation are couples who have cohabited for one year if neither is married, or cohabited for three years if one or both are married. It also includes those who have registered their relationship with the Department of Vital Statistics, regardless of how long they have lived together.

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