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Stock news for investors: BlackBerry reports Q2 profit growth while Air Canada slashes guidance post-strike
– moneysense.ca
Here’s a round-up of news for Canadian investors this week.
BlackBerry Ltd.
Air Canada
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What is the Canada Pension Plan death benefit?
– moneysense.ca
Your recent article is the first time I have seen reference to a CPP death benefit of $2,500. Can you explain it, please?
—Sam
The primary purpose of the Canada Pension Plan (CPP) is to pay a retirement pension to contributors. Employers as well as employed and self-employed Canadians contribute to the CPP and contributors are entitled to begin a CPP retirement pension as early as age 60.
There are several other programs that CPP contributors and family members are eligible for—including the CPP death benefit, Sam.
A Quebec resident may be entitled to Quebec Pension Plan (QPP) benefits. The CPP and QPP plans have coordination agreements since some Canadians contribute to both plans during their career.
Other CPP/QPP programs
Some of the other CPP/QPP benefits include:
Disability benefits. These benefits are payable to eligible contributors who cannot work due to a disability.
Survivor’s pension. If your spouse or common-law partner dies, you may be eligible to receive a survivor’s pension…
