April 19, 2021 – Using Assets to Generate Income When Payor Retires

“…I conclude that if the court finds that reduced ability to pay due to retirement is a material change in circumstances, and the support payor’s pension has been accounted for in the asset distribution to the support recipient, the recipient needs to make reasonable use of those assets to generate income when the retirement pension goes into pay.” 

Walts v Walts, 2016 ONSC 4777 (CanLII) at 23