knowledge topics

Death of an SPP Member

Define refund of premiums.¹
Identify the plans from which a refund of premiums may be received.²
Define the beneficiaries who may qualify to receive a refund of premiums from a deceased plan member’s registered plan.³
- Surviving spouse
- Financially dependent child or grandchild
- Financially dependent child or grandchild because of an impairment in physical or mental functions
Define financially dependent with respect to the qualification of a dependent child or grandchild.⁴
Explain how a refund of premiums defers income tax consequences from the deceased plan member to a qualified beneficiary.
Identify the types of plans of a qualified beneficiary to which capital property may be transferred tax-deferred from a specified pension plan due to the death of a plan member.⁵
Explain how the death of a specified pension plan member is treated for tax purposes.
- When there is no surviving spouse or common law partner
- When the surviving spouse or common law partner is the successor member
Explain the estimated tax impact resulting from the death of a specified pension plan member.

Define

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Explain

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