Garet Wood: CPP Survivor Benefits
2 Articles
2 Articles
Garet Wood: CPP survivor benefits
The Canada Pension Plan (CPP) pension is designed to provide a modest stream of income to Canadian retirees. For those who qualify, a CPP retirement pension is paid for life. When a CPP contributor passes away, there are three types of CPP benefits that may be available to their estate, surviving spouse or common-law partner, and dependent children.
Those who receive a disability pension do not always have to wait until the normal age limit. As soon as the conditions of an early retirement pension are met, an earlier change can be applied. This is particularly interesting for people with a recognised severe disability or at least 35 years of insurance. However, such an application should not be made prematurely. Pensions amount, deductions, additional earnings, taxes and possible additional…
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