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DB Pension Plan Transfers

Identify potential reasons why an individual may choose to transfer capital property into a defined benefit pension plan.
- Voluntary or involuntary termination of employment
- Breakdown of the plan member’s relationship
- Death of the plan member’s current (or former) spouse
- Termination of pension plan membership
- Termination of pension plan
- Voluntary choice by the plan member
Identify potential reasons why an individual may choose to transfer capital property out of a defined benefit pension plan.
- Voluntary or involuntary termination of employment
- Retirement
- Breakdown of the plan member’s relationship
- Death of the plan member
- Termination of pension plan membership
- Termination of pension plan
Identify the types of plans from which capital property may be transferred tax-deferred into a defined benefit pension plan.^1,2
Identify the types of plans to which capital property may be transferred tax-deferred out of a defined benefit pension plan.³
Explain the Canada Revenue Agency’s requirements related to tax-deferred transfers of capital property to or from a defined benefit pension plan upon the breakdown of a relationship between spouses.⁴

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