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What deductions are
taken from your pension?

TABLE OF CONTENTS
WHAT DEDUCTIONS ARE TAKEN FROM YOUR PENSION?
TAXES
INSURED BENEFIT PREMIUMS
SPOUSAL OR CHILD SUPPORT PAYMENTS
ADDITIONAL CANADA CUSTOMS AND REVENUE AGENCY DEDUCTIONS
NO OTHER DEDUCTIONS PERMITTED
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No other deductions permitted

While you are receiving your pension, it is exempt from most creditors. The exceptions are Canada Revenue Agency, your former spouse in the case of a spousal relationship breakdown and orders for child support. If you die after retirement and do not have an eligible spouse, eligible children or a named payment recipient, payments made to your estate can be claimed by creditors.

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