Income Security Programs Information Card
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April - June 2009
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Catalogue No.: ISPB-258-04-09E
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
- OAS forecasted expenditures 2009-2010
- Other CPP/QPP figures
- CPP/QPP forecasted expenditures 2009-2010
| Type of benefit | New benefits Maximum amount 2010 |
Number of benefits July 2009 |
Amounts paid July 2009 |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $908.75 | $1,105.96 | 3,608,28 | 1,307,808 | $1,808.3 | $537.4 |
| Disability | $1,105.99 | $1,126.73 | 311,607 | 69,640 | $253.0 | $58.6 |
| Survivor younger than 65 |
$506.38 | (see Note 1) | 236,741 | 80,445 | $86.4 | $47.8 |
| Survivor 65 and older | $545.25 | $545.25 | 774,863 | 261,756 | $230.4 | $77.4 |
| Total - Survivor benefits | 1,011,604 | 342,201 | $2,430.2 | $125.2 | ||
| Children of disabled contributor |
$213.99 | $67.95 | 81,945 | 8,017 | $17.6 | $0.8 |
| Children of deceased contributor |
$213.99 | $67.95 | 71,407 | 17,437 | $15.3 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 8,660 | 4,627 | $19.3 | $10.7 |
| Total CPP / QPP benefits | 5,093,510 | 1,749,730 | $2,430.2 | $733.9 | ||
| Combined benefits | ||||||
Survivor/retirement
(retirement at 65) |
$908.75 | $908.75 | 654,810 | Not applicable | $467.4 | Not applicable |
| Survivor/disability | $1,105,99 | Not applicable | 12,957 | Not applicable | $12.4 | Not applicable |
| Total - Combined benefits | 667,767 | 200,490 | $479.8 | $122.4 | ||
| Flat rate | Earnings-related portion |
Total | |
|---|---|---|---|
| CPP disability benefit | $424.43 | $681.56 | $1,105,99 |
| CPP survivor benefit - younger than 65 | $165.60 | $340.78 | $506.38 |
| QPP disability benefit | $424.40 | $681.56 | $1,105.96 |
| Note 1: Details of QPP benefits | |||
| QPP survivor benefit - under 45 | |||
| Not disabled, no child | $108.69 | $340.78 | $449.47 |
| Not disabled, with child | $394.04 | $340.78 | $734.82 |
| Disabled | $424.40 | $340.78 | $765.18 |
| QPP survivor - aged 45 to 64 | $424.40 | $340.78 | $765.18 |
Calculation of CPP maximum monthly rates for new benefits
Retirement:
25% of 1/12 of the average year’s maximum pensionable earnings (YMPE) for the last five years
Disability:
(retirement x 0.75) + flat rate ($424.43)
Survivor:
- younger than 65: (retirement x 0.375) + flat rate ($165.60)
- 65 and older: retirement x 0.60
| Type of benefit | April to June 2009 | January 2009 | |||
|---|---|---|---|---|---|
| Maximum amount |
Income level cut-off |
Number of benefits |
Amount paid (millions $) |
||
| Old Age Security pension* | $516.96 | Not applicable | 4,546,074 | $2,225.6 | |
| Guaranteed Income Supplement | |||||
| Single | $652.51 | $15,672 | 958,480 | $432.4 | |
| Spouse/common-law partner of someone who: | |||||
| · does not receive an OAS pension | $652.51 | $37,584 | 81,906 | $35.7 | |
| · receives an OAS pension | $430.90 | $20,688 | 488,340 | $138.8 | |
| · is an Allowance recipient | $430.90 | $37,584** | 62,998 | $23.2 | |
| Total - GIS | 1,591,724 | $629.4 | |||
| · Allowance | $947.86 | $28,992 | 62,998 | $24.4 | |
| · Allowance for the Survivor | $1,050.68 | $21,120 | 30,051 | $17.7 | |
| Total - Allowance and allowance for the Survivor | 93,049 | $42.1 | |||
* The Old Age Security pension repayment range in 2009 is from $66,335 to $107,692.
** The Allowance stops being paid at $28,992 while the GIS stops being paid at $37,584.
| OAS | GIS | Allowance | Total |
|---|---|---|---|
| ______________________________________________ | |||
| $27,578 | $8,080 | $552 | $36,210 |
| CPP | QPP | |
|---|---|---|
| Year's maximum pensionable earnings (YMPE) (2009) |
$46,300.00 | $46,300.00 |
| Year's basic exemption (2009) | $3,500.00 | $3,500.00 |
| Employee/employer maximum contribution (4.95%) |
$2,118.60 | $2,118.60 |
| Self-employed maximum contribution (9.9%) |
$4,237.20 | $4,237.20 |
| Account balance (March 2008) | $131.467 billion | $34.771 billion |
| Contributions (2007-2008) | $33.898 billion | $9.394 billion |
| Number of contributors (2006) | 12.2 million | 3.7 million |
| Indexation rate (January 2009) | 2.5% | 2.5% |
CPP / QPP forecasted expenditures, 2009 - 2010 (millions $)
| CPP | QPP |
|---|---|
| _________________________ | |
| $30,744 | $9,839 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-01-10E