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Is there an OAS Death Benefit?

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When a CPP contributor dies, the surviving spouse or common-law partner receives a CPP survivor’s pension that varies based on their age. Their dependent children get a CPP children’s benefit, and a death benefit is paid to their estate.

Unlike the CPP, OAS does not offer a death benefit. However, a survivor may qualify for an Allowance benefit paid from age 60 to 64.

OAS Allowance for the Survivor

Recipients of the OAS pension are not required to make any contributions during their working years. To qualify for the maximum benefit, they must have lived in Canada for at least 40 years after turning 18. Otherwise, they receive a pro-rated benefit.

After death, these OAS payments stop and are not transferred to a spouse or child.

If your spouse is aged 60 to 64 and they have a low income, they may qualify for the Allowance for the Survivor benefit.

The maximum monthly payment is $1,614.89, and your annual income must be less than $29,112.

You must apply for this benefit and can submit an application online through the My Service Canada Account website or by completing and mailing Forms ISP3008 and ISP3026 to a Service Canada office.

Frequently Asked Questions

What is the OAS death benefit?

The OAS program does not pay a death benefit.

How much is the CPP death benefit?

The CPP death benefit is a single payment of $2,500 to the estate of a deceased CPP contributor.

Who can claim the CPP death benefit?

The executor of the estate of the deceived contributor, whoever pays the funeral expenses, a surviving spouse or common-law partner, or the next-of-kin of the deceased can apply for the CPP death benefit.

What is the federal government death benefit?

This is a one-time payment of $2,500 following the death of a CPP recipient. It is referred to as the CPP death benefit. The survivors of a public service pension plan participants may be eligible for a supplementary death benefit (SDB).

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Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

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