Can the unequalized portion of a lump-sum pension be treated as income?
Ontario, Canada
The following excerpt is from Balaban v. Balaban, 2006 CanLII 43487 (ON SC):
In the November, 2004 proceedings, Hambly, J expressed the view in his reasons that the unequalized portion of the lump-sum pension could be treated as income without offending the “double-dipping” rule, pursuant to Boston v. Boston, but he was not satisfied, without a tax ruling, the a LIRA transfer could be done without tax consequences and he declined to do it.
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