Financial Advice for Surviving Spouses Fee Schedule Fee Schedule 29-215 | Effective Date: July 1, 2025

Rates / Fees

Extent of financial support for independent financial advice

1. Surviving spouses eligible for benefits on or after January 1, 1998, but before July 1, 2025, are required to elect one of two benefit plans within the specified time period as outlined in Policy 21-515 Benefits for Survivors. To assist the spouse in making an informed decision, WorkSafeNB pays for a consultation with a WorkSafeNB approved independent financial advisor.

2. When an independent financial advisor is consulted, WorkSafeNB pays a rate, up to a maximum of $500, for all services provided by the advisor regarding the election of benefits.

Tax Implications

3. Costs reimbursed for financial advice, as outlined in this fee schedule, will be reported as non-taxable income on the CRA form, T5007.

Previous versions

• Financial Advice for Surviving Spouses, release 6, effective July 14, 2020
• Financial Advice for Surviving Spouses, release 5, effective July 30, 2014