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IS the death benefit considered income. Is there anywhere else I record this amount on the tax return.
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October 30, 2019
12:27 PM
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Seniors and students
CPP death benefit does not go on the deceased tax payers return.
Enter CPP death benefits on either the surviving spouse's or child of the deceased return.
October 30, 2019
12:27 PM
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Seniors and students
We are sorry to hear about your loss. According to the Canada Revenue Agency, the CPP death benefit will generally not be taxable if certain circumstances apply. Please review the CRA link included below for more information.
Reporting a CPP/QPP death benefit amount
Thank you for using TurboTax.
March 6, 2021
12:58 PM