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    CPP death benefit increase needed: Funeral Service Association

    YYC TimesBy YYC TimesMarch 20, 2024Updated:March 20, 2024No Comments3 Mins Read

    There are renewed requires the federal authorities to extend assist for low-income Canadians, as monetary difficulties make it difficult for a lot of to rearrange end-of-life providers.

    Citing 2022 knowledge from Statistics Canada, the Funeral Service Affiliation of Canada says over 10 per cent of Canadian seniors reported residing at or under the poverty line.

    The affiliation is asking for the federal authorities to boost the Canada Pension Plan dying profit and hyperlink it to inflation.

    “All too usually, households actually are struggling as a result of they only don’t have the means,” defined Jeff Weafer, FSAC president.

    “The Funeral Service Affiliation of Canada is simply attempting to shed a light-weight on the Canada Pension dying profit itself, and calling on the federal authorities to check out that.”

    Dying profit quantity ‘frozen in time’: FSAC

    In line with the authorities’s web site, the dying profit is a “one-time fee, payable to the property or different eligible people, on behalf of a deceased CPP contributor.”

    To qualify for the profit, an individual will need to have contributed to the CPP for a sure period of time, or meet different eligibility standards.

    Weafer says the profit went from simply over $3,500 to $2,500 within the late Nineteen Nineties, and has remained “frozen in time” ever since.

    “It’s for these working Canadians who labored all through their lifetime, paid into Canada Pension, and, particularly, those that discover themselves with much less means later of their life. They’re hoping to depend on a dying profit or a Canada Pension profit that our society and our authorities had assured. They’re shocked to search out out that it’s simply $2,500, frozen in time for 25 years,” he advised CityNews.

    “After we take into consideration the rise in the price of residing in Canada, the rise in homelessness … these with out means, $2,500 doesn’t go very far.”

    He notes it’s “not a proud second” to take a seat throughout from a household who can’t afford to correctly say goodbye to a cherished one “who constructed our society.”

    “To have a look at how a society treats probably the most weak, these with out means and seniors, that basically is a measure of a society,” mentioned Weafer.

    The affiliation says “each Canadian, regardless of their monetary standing throughout their lifetime, deserves a dignified funeral.” It notes with inflation persevering with to place strain on private funds, the necessity is rising for assist.

    “Funeral professionals from coast to coast see households, as a result of dying is a good equalizer, no matter whether or not you’re penniless otherwise you’re the prime minister,” mentioned Weafer.

    “Those that don’t have means, they give the impression of being to a funeral skilled to assist. So funeral professionals will attempt to join them with authorities businesses to assist, they’ll attempt to assist them unlock the thriller of was there any insurance coverage? Was there any pensions?”

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