What happens to the CPP / OAS pensions when one of the spouses dies?

CPP provides several survivor benefits when one of the spouses passes:
1.) Lump sum death benefit up to a maximum of $2,500
2.) Survivors pension:
▪ Age 65 or older: 60% of the contributor's retirement pension (combined with survivor's CPP to an annual CPP maximum)
▪ Below age 65: A flat-rate portion plus 37.5% of the contributor's retirement pension (if the surviving spouse or partner isn't receiving other CPP benefits)
3.) Children's benefit
Most other government benefits do not provide any payments to surviving spouse expect for the Allowance.
If you have any further questions about this video or any financial planning questions, I recommend finding a certified financial planner in your area or booking a discovery call with us to get your plan on track.  You can email: [e-mail] or call [phone] (Vancouver, BC) and we will schedule a discovery call / meeting with you.