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Garet Wood: CPP survivor benefits
['Garet Wood', 'For The Leduc Rep']
Leduc Representative
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.
CPP Survivor’s PensionThe CPP Survivor’s Pension is a monthly payment made to the legal spouse or common-law partner of a deceased CPP contributor.
The amount of the CPP Survivor’s Pension depends on the surviving spouse or partner’s age and how much the deceased contributed to CPP during their working years.
It’s important to note that the combined CPP retirement benefit and survivor benefit cannot exceed the maximum CPP retirement pension amount, which was $1,364.60 per month at age 65 in 2024.