Income Security Programs Information Card
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April - June 2004
- Catalogue No.: ISPB-258-04-04E
- Printable version in PDF format (434kb, 12 pages). To download and print PDF files, you will need the free Adobe Acrobat Reader.
Table of Contents
- Canada Pension Plan and Quebec Pension Plan
- Disability and Survivor Rates
- Calculation of CPP Maximum Monthly Rates For New Benefits
- Old Age Security
- CPP/QPP Select Figures 2004
- Main Estimates 2004 - 2005
| Type of Benefit | New benefits Maximum Rate (2004) |
Number of benefits (December 2003) |
Amounts paid (December 2003) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement at age 65 | $814.17 | $814.17 | 2,977,439 | 1,051,337 | $1,330.3 | $389.2 |
| Disability | $992.80 | $992.77 | 288,497 | 60,476 | $223.7 | $46.7 |
| Survivors | ||||||
| · under age 65 | $454.42 | see chart below |
231,347 | 83,810 | $75.5 | $46.0 |
| · over age 65 | $488.50 | $488.50 | 701,412 | 237,826 | $186.7 | $61.5 |
| Total Survivor Benefits | na | na | 932,759 | 321,636 | $262.2 | $107.5 |
| Children of disabled contributor |
$192.68 | $61.18 | 88,708 | 7,477 | $20.3 | $0.6 |
| Children of deceased contributor |
$192.68 | $61.18 | 83,934 | 19,544 | $17.4 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 8,547 | 2,320 | $18.7 | $5.4 |
| Total CPP Benefits | na | na | 4,379,884 | 1,462,790 | $1,872.6 | $550.6 |
| Combined Benefits | ||||||
| Survivor/Retirement at age 65 | $814.17 | $814.17 | 532,678 | na | $332.1 | na |
| Survivor/Disability | $992.80 | na | 12,615 | na | $11.4 | na |
| Total Combined Benefits | na | na | 545,293 | 163,884 | $343.5 | $87.9 |
| Benefit | Flat Rate | Earnings Related Portion |
Total | |
|---|---|---|---|---|
| CPP disability benefit | $382.17 | $610.63 | $992.80 | |
| CPP survivor benefit under age 65 | $149.11 | $305.31 | $454.42 | |
| QPP disability benefit | $382.14 | $610.63 | $992.77 | |
| QPP survivor benefit | ||||
| - under age 45 | ||||
| · Not disabled, no child | $97.87 | $305.31 | $403.18 | |
| · Not disabled, with child | $354.81 | $305.31 | $660.12 | |
| · Disabled | $382.14 | $305.31 | $687.45 | |
| - Age 45 - 54 | $382.14 | $305.31 | $687.45 | |
| - Age 55 - 64 | $399.59 | $305.31 | $704.90 | |
| Retirement: | 25% of 1/12th of the average YMPE for the last five years. |
| Disability: | (Retirement x 0.75) + flat rate ($382.17) |
| Survivors: | · under age 65: (Retirement x 0.375) + flat rate ($149.11) |
| · age 65 or over: (Retirement x 0.60) |
| Type of Benefit | April to June 2004 | December 2003 | |||
|---|---|---|---|---|---|
| Maximum Rate |
Income Level Cut-off |
Number of Benefits |
Amount Paid $Millions |
||
| Old Age Security Pension | $463.39 | na | 4,037,452 | $1,780.9 | |
| Guaranteed Income Supplement | |||||
| · Single | $550.73 | $13,224 | 917,421 | $343.3 | |
| Spouse/Common-law partner of: | |||||
| · Non-Pensioner | $550.73 | $32,016 | 77,941 | $28.9 | |
| · Pensioner | $358.73 | $17,232 | 425,642 | $95.9 | |
| · Allowance Recipient | $358.73 | $32,016 (note) |
62,484 | $18.1 | |
| Total Guaranteed Income Supplement |
na | na | 1,483,488 | $486.2 | |
| The Allowance | |||||
| · Regular | $822.12 | $24,672 | 62,475 | $19.4 | |
| · Survivor | $907.64 | $18,120 | 29,916 | $15.3 | |
| Total Allowance | na | na | 92,391 | $34.7 | |
NOTE:The Allowance stops being paid at $24,672 while the GIS stops being paid at $32,016.
NOTE: OAS Pension Repayment level in 2004 from $59,790 to $96,843
Return to Allowance Recipients rates| CPP | QPP | |
|---|---|---|
| Year's Maximum Pensionable Earnings (YMPE) | $40,500.00 | $40,500.00 |
| Year's Basic Exemption | $ 3,500.00 | $ 3,500.00 |
| Employee/Employer maximum contribution (4.95%) |
$ 1,831.50 | $ 1,831.50 |
| Self-Employed maximum contribution (9.9%) |
$ 3,663.00 | $ 3,663.00 |
| Account balance (October 2002) | $64,578 M | $19,134 M |
| Contributions (2001 - 2002) | $25,572 M | $ 7,353 M |
| Number of contributors 2000 | 11.2 M | 3.5 M |
| Indexation rate (January 2004) | 3.2% | 3.2% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $22,198 |
| GIS | $5,950 |
| Allowance | $423 |
| Total | $28,571 |
| CPP | $23,670 |
| QPP | $7,477 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-04-04E