A Westpac Rescue Helicopter was sent from Greymouth and a paramedic was winched down, but the woman, in her 30s, was dead.
NZCC Greymouth Rescue Helicopter base manager Angus Taylor said the husband was winched out and taken to the Arthurs Pass National Park Visitor Centre.
"He wasn't saying much, but you would expect that, he had just lost his wife," he said.
Her body was winched out by the helicopter crew at 6.30pm after a police officer had examined the scene, he said.
Taylor said he believed the couple were due to head home to Australia after canyoning at the Twin Creek Falls.
Senior Sergeant Pete Stills said the couple were experienced at canyoning and had just done a course in the Abel Tasman National Park before heading to Arthurs Pass.
"They were really keen on it. They went to a well-known spot to further their experience," he said.
Canyoning is the sport of jumping into a fast-flowing mountain stream and allowing it to carry you downstream at high speed.