Income Security Programs Information Card
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April - June 2006
- Catalogue No.: ISPB-258-04-06E
- Printable version in PDF format (408kb, 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 2006
- Forecasted Expenditures 2006 - 2007
| Type of benefit | New benefits Maximum rate (2006) |
Number of benefits (January 2006) |
Amounts paid (January 2006) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at 65) | $844.58 | $844.58 | 3,199,487 | 1,145,021 | $1,515.5 | $448.3 |
| Disability | $1,031.05 | $1,031.02 | 298,597 | 65,498 | $230.3 | $52.9 |
| Survivors | ||||||
| · under 65 | $471.85 | see chart below |
234,066 | 83,020 | $81.4 | $47.7 |
| · 65 and over | $506.75 | $506.75 | 733,135 | 248,216 | $207.5 | $69.3 |
| Total | 967,201 | 331,236 | $288.8 | $117.0 | ||
| Children of disabled contributor |
$200.47 | $63.65 | 84,809 | 7,921 | $17.0 | $0.7 |
| Children of deceased contributor |
$200.47 | $63.65 | 78,314 | 18,922 | $15.7 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 8,589 | 3,629 | $19.0 | $9.0 |
| Total | 4,636,997 | 1,572,227 | $2,086.4 | $629.1 | ||
| Combined Benefits | ||||||
| Survivor/Retirement at 65 | $844.58 | $844.58 | 586,561 | na | $390.8 | na |
| Survivor/Disability | $1,031.05 | na | 12,970 | na | $11.9 | na |
| Total | 599,531 | 178,733 | $402.7 | $102.7 | ||
| Benefit | Flat Rate | Earnings-Related Portion |
Total | |
|---|---|---|---|---|
| CPP disability benefit | $397.61 | $633.44 | $1,031.05 | |
| CPP survivor's pension under 65 | $155.13 | $316.72 | $471.85 | |
| QPP disability benefit | $397.58 | $633.44 | $1,031.02 | |
| QPP survivors | ||||
| - under 45 | ||||
| · Not disabled, no child | $101.82 | $316.72 | $418.54 | |
| · Not disabled, with child | $369.14 | $316.72 | $685.86 | |
| · Disabled | $397.58 | $316.72 | $714.30 | |
| - Age 45 to 54 | $397.58 | $316.72 | $714.30 | |
| - Age 55 to 64 | $399.59 | $316.72 | $716.31 | |
| Retirement: | 25% of 1/12 of the average YMPE for the last five years. |
| Disability: | (Retirement x 0.75) + flat rate ($397.61) |
| Survivor: | · under 65: (Retirement x 0.375) + flat rate ($155.13) |
| · 65 or over: (Retirement x 0.60) |
| Type of Benefit | April to June 2006 | January 2006 | |||
|---|---|---|---|---|---|
| Maximum rate |
Income level cut-off |
Number of benefits |
Amount paid $Millions |
||
| Old Age Security pension | $484.63 | na | 4,216,117 | $1,942.9 | |
| Guaranteed Income Supplement | |||||
| · Single | $593.97 | $14,256 | 946,027 | $387.8 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $593.97 | $34,368 | 82,252 | $33.3 | |
| · a pensioner | $389.67 | $18,720 | 458,918 | $116.2 | |
| · an Allowance recipient | $389.67 | $34,368 (note) |
64,896 | $21.1 | |
| Total | 1,552,093 | $558.4 | |||
| The Allowance | |||||
| · Regular | $874.30 | $26,496 | 64,890 | $22.2 | |
| · Survivor | $967.24 | $19,368 | 30,223 | $16.6 | |
| Total | na | na | 95,113 | $38.8 | |
NOTE: The Allowance stops being paid at $26,496 while the GIS stops being paid at $34,368.
OAS pension repayment level in 2006 from $62,144 to $100,914.
Return to Allowance Recipients rates| CPP | QPP | |
|---|---|---|
| Year's Maximum Pensionable Earnings (YMPE) | $42,100.00 | $42,100.00 |
| Year's Basic Exemption | $ 3,500.00 | $ 3,500.00 |
| Employee/employer maximum contribution (4.95%) |
$ 1,910.70 | $ 1,910.70 |
| Self-employed maximum contribution (9.9%) |
$ 3,821.40 | $ 3,821.40 |
| Account balance (September 2005) | $89,263 M | $26,070 M |
| Contributions (2004 - 2005) | $28,583 M | $ 8,461 M |
| Number of contributors 2003 | 11.4 M | 3.6 M |
| Indexation rate (January 2006) | 2.3% | 2.3% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $24,142 |
| GIS | $6,850 |
| Allowance | $517 |
| Total | $31,509 |
| CPP | $26,132 |
| QPP | $8,354 |
Produced by:
Human Resources and Social Development
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-04-06E