Seizure and Assignment of Your Pension Benefits

  • If you become legally bankrupt, pension law states that your pension cannot be seized and given to your creditors.
  • Your pension benefits may, however, be seized or attached to satisfy an order issued under the provisions of the Maintenance Enforcement Act or the Income Tax Act.
  • You cannot assign your rights to pension benefits to someone else except in the case of a breakdown of a spousal relationship (see next section).

This website is for informational purposes only. It is not intended to provide specific individual financial, legal, investment, or tax advice. For full details on legal issues and terms of use, see legal disclaimer.
Powered by Eckler Ltd.