Luigi and Maria are 65 and have been married for 20 years. Luigi is entitled to a CPP pension of $796 per month. He has been working and paying into CPP ever since he came to Canada 25 years ago. How much of his CPP can he allocate to Maria, who did not work at all?

Question

Quizplus · Accepted Answer

Luigi can allocate up to 50% of his CPP to his spouse, Maria, as a survivor's pension. Therefore, he can allocate $398 per month to her (50% of $796).

Luigi and Maria Are 65 and Have Been Married for 20