Income Security Programs Information Card
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April - June 2005
- Catalogue No.: ISPB-258-04-05E
- Printable version in PDF format (622kb, 2 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 Selected Figures 2005
- Forecasted Expenditures 2004 - 2005
| Type of benefit | New benefits Maximum rate (2005) |
Number of benefits (December 2004) |
Amounts paid (December 2004) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at 65) | $828.75 | $828.75 | 3,080,429 | 1,094,811 | $1,407.2 | $415.1 |
| Disability | $1,010.23 | $1,010.20 | 291,333 | 63,339 | $216.9 | $50.2 |
| Survivors | ||||||
| · under 65 | $462.42 | see chart below |
231,735 | 83,911 | $77.7 | $47.0 |
| · 65 and over | $497.25 | $497.25 | 717,598 | 242,967 | $195.9 | $65.1 |
| Total | na | na | 949,333 | 326,878 | $273.6 | $112.1 |
| Children of disabled contributor |
$195.96 | $62.22 | 87,016 | 7,812 | $16.8 | $0.6 |
| Children of deceased contributor |
$195.96 | $62.22 | 81,805 | 19,209 | $15.8 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 10,880 | 2,630 | $24.2 | $6.2 |
| Total | na | na | 4,500,796 | 1,514,679 | $1,954.5 | $585.4 |
| Combined Benefits | ||||||
| Survivor/Retirement at 65 | $828.75 | $828.75 | 563,457 | na | $359.9 | na |
| Survivor/Disability | $1,010.23 | na | 12,871 | na | $11.4 | na |
| Total | na | na | 576,328 | 170,624 | $371.3 | $94.2 |
| Benefit | Flat Rate | Earnings-Related Portion |
Total | |
|---|---|---|---|---|
| CPP disability benefit | $388.67 | $621.56 | $1,010.23 | |
| CPP survivor's pension under 65 | $151.64 | $310.78 | $462.42 | |
| QPP disability benefit | $388.64 | $621.56 | $1,010.20 | |
| QPP survivors | ||||
| - under 45 | ||||
| · Not disabled, no child | $99.53 | $310.78 | $410.31 | |
| · Not disabled, with child | $360.84 | $310.78 | $671.62 | |
| · Disabled | $388.64 | $310.78 | $699.42 | |
| - Age 45 to 54 | $388.64 | $310.78 | $699.42 | |
| - Age 55 to 64 | $399.59 | $310.78 | $710.37 | |
| Retirement: | 25% of 1/12 of the average YMPE for the last five years. |
| Disability: | (Retirement x 0.75) + flat rate ($388.67) |
| Survivor: | · under 65: (Retirement x 0.375) + flat rate ($151.64) |
| · 65 or over: (Retirement x 0.60) |
| Type of Benefit | April to June 2005 | December 2004 | |||
|---|---|---|---|---|---|
| Maximum rate |
Income level cut-off |
Number of benefits |
Amount paid $Millions |
||
| Old Age Security pension | $473.65 | na | 4,120,571 | $1,853.8 | |
| Guaranteed Income Supplement | |||||
| · Single | $562.93 | $13,512 | 916,440 | $357.6 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $562.93 | $32,736 | 83,549 | $31.6 | |
| · a pensioner | $366.67 | $17,616 | 431,009 | $102.4 | |
| · an Allowance recipient | $366.67 | $32,736 (note) |
64,285 | $19.5 | |
| Total | na | na | 1,495,283 | $511.1 | |
| The Allowance | |||||
| · Regular | $840.32 | $25,200 | 64,285 | $20.8 | |
| · Survivor | $927.74 | $18,504 | 31,376 | $16.6 | |
| Total | na | na | 95,661 | $37.4 | |
NOTE: The Allowance stops being paid at $25,200 while the GIS stops being paid at $32,736.
OAS pension repayment level in 2005 from $60,806 to $98,660
Return to Allowance Recipients rates| CPP | QPP | |
|---|---|---|
| Year's Maximum Pensionable Earnings (YMPE) | $41,100.00 | $41,100.00 |
| Year's Basic Exemption | $ 3,500.00 | $ 3,500.00 |
| Employee/employer maximum contribution (4.95%) |
$ 1,861.20 | $ 1,861.20 |
| Self-employed maximum contribution (9.9%) |
$ 3,722.40 | $ 3,722.40 |
| Account balance (August 2004) | $75,616 M | $22,001 M |
| Contributions (2003 - 2004) | $27,858 M | $ 8,163 M |
| Number of contributors 2002 | 11.3 M | 3.6 M |
| Indexation rate (January 2005) | 1.7% | 1.7% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $22,130 |
| GIS | $6,001 |
| Allowance | $431 |
| Total | $28,562 |
| CPP | $23,612 |
| QPP | $7,611 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-04-05E