This is the first Canadian case that GM has settled related to its faulty ignition switches.
Leilani Piette, lawyer for the Dubuc-Marquis family, confirmed to CBC Tuesday that the family had reached a deal with GM over the death of their son.
The family had filed a claim with General Motors as part of GM's victims compensation fund.
Piette declined to comment on the amount paid out by GM.
Dany Dubuc-Marquis, 23, was killed on Highway 139 near Roxton Pond, Quebec, when he lost control of his 2007 Chevrolet Cobalt in the early morning hours of June 22, 2013.
The Dubuc-Marquis death was the subject of a documentary bythe fifth estate titled The Switch From Hell, which scrutinized GM's and Transport Canada's role in one of the biggest and most expensive recalls in automotive history.
As of early this week, more than 90 deaths have been linked to GM's defective ignition switch.