Wife was entitled to pre-judgment interest on equalization payment

Family Law - Division of Property - Order for Division

Applicant wife commenced an application in which she sought orders for custody and support in relation to three children of marriage, as well as spousal support. She also sought equalization of parties' net family properties pursuant to Family Law Act (“FLA”), pre-judgment interest on her equalization payment. Divorce granted. Husband shall pay to wife equalization payment of $563,560.23. Wife was entitled to pre-judgment interest on equalization payment as of September 17, 2018. Wife did not have option to not receive her benefits. She was compelled by Public Service Superannuation Act (“PSSA”) and regulations, once the election was made, to receive all of her pension benefit entitlements. They wee, thus, good and truly vested within meaning of property in Section 4(1) of FLA. Family Law value of wife's pension was $447,465.00.

Van Delst v. Hronowsky (2019), 2019 CarswellOnt 6369, 2019 ONSC 2569, Engelking J. (Ont. S.C.J.).

Case Law is a weekly summary of notable civil and criminal court decisions by the Supreme Court of Canada, the Federal Court of Canada and all Ontario courts. These cases may be found online in WestlawNext Canada. To subscribe, please visit store.thomsonreuters.ca

Free newsletter

Our newsletter is FREE and keeps you up to date on all the developments in the Ontario legal community. Please enter your email address below to subscribe.

Recent articles & video

Law Society Convocation approves new policy on bencher information requests

Relocation disputes surge in family law litigation, says Lerners LLP’s Ryan McNeil

Ont. CA confirms future harm risk not compensable in contaminated medication class action

Law Commission of Ontario announces new board of governors appointments

Ontario Superior Court upholds ‘fair dealing’ in franchise dispute

Ontario Superior Court orders retrial for catastrophic impairment case due to procedural unfairness

Most Read Articles

Relocation disputes surge in family law litigation, says Lerners LLP’s Ryan McNeil

Law Commission of Ontario announces new board of governors appointments

Ontario Superior Court denies late motion to transfer car accident case to simplified procedure

LEAF celebrates 39 years fighting gender-based discrimination at annual Evening for Equality gala