Office of the Superintendent of Financial Institutions
If a marriage or common-law partnership breaks down, the pension benefit that would otherwise be covered by the Pension Benefits Standards Act, 1985 (PBSA) is subject instead to the application of provincial property law with respect to the valuation and distribution of that pension benefit. The PBSA would still apply for anything else related to that pension benefit (e.g. minimum standards on vesting rules, transfer options, etc.).