Last month our newsletter/blog talked about the pros & cons of taking an early pension from CPP. This month we wish to discuss other benefits associated with this government benefit.
• There is one-time lump sum payment of $2,500 payable to the Estate
of the deceased (if they were eligible)
• The deceased must have paid into CPP for at least 1/3rd of the
calendar years in their contributory period OR 10 years, whichever is
• The payment is taxable and usually takes 6-12 weeks