Income Security Programs Information Card
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April - June 2010
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Catalogue No.: ISPB-258-04-10E
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
- Selected Figures 2010
- Forecasted Expenditures 2010 - 2011
| Type of benefit | New benefits Maximum amount 2010 |
Number of benefits December 2009 |
Amounts paid December 2009 |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $934.17 | $934.17 | 3,747,800 | 1,360,670 | $1,873.7 | $639.0 |
| Disability | $1,126.76 | $1,126.73 | 317,337 | 70,118 | $256.7 | $60.5 |
| Survivor younger than 65 |
$516.57 | (see Note 1) | 240,060 | 134,847 | $87.2 | $50.2 |
| Survivor 65 and older | $560.50 | $560.50 | 785,447 | 213,605 | $232.4 | $79.5 |
| Total - Survivor benefits | 1,025,507 | 348,452 | $319.6 | $129.7 | ||
| Children of disabled contributor |
$214.85 | $68.22 | 84,640 | 7,937 | $18.1 | $0.7 |
| Children of deceased contributor |
$214.85 | $68.22 | 73,718 | 16,717 | $15.8 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 9,127 | 3,174 | $20.5 | $5.5 |
| Total CPP / QPP benefits | 5,258,129 | 1,807,068 | $2,504.4 | $836.6 | ||
| Combined benefits | ||||||
Survivor/retirement
(retirement at 65) |
$934.17 | $934.17 | 678,208 | Not applicable | $483.6 | Not applicable |
| Survivor/disability | $1,126,76 | Not applicable | 14,367 | Not applicable | $13.6 | Not applicable |
| Total - Combined benefits | 692,575 | 214,472 | $497.2 | $136.4 | ||
| Flat rate | Earnings-related portion |
Total | |
|---|---|---|---|
| CPP disability benefit | $426.13 | $700.63 | $1,126,76 |
| CPP survivor benefit - younger than 65 | $166.26 | $350.31 | $516.57 |
| QPP disability benefit | $426.10 | $700.63 | $1,126.73 |
| Note 1: Details of QPP benefits | |||
| QPP survivor benefit - under 45 | |||
| Not disabled, no child | $109.12 | $350.31 | $459.43 |
| Not disabled, with child | $395.62 | $350.31 | $745.93 |
| Disabled | $426.10 | $350.31 | $776.41 |
| QPP survivor - aged 45 to 64 | $426.10 | $350.31 | $776.41 |
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 ($426.13)
Survivor:
- younger than 65: (retirement x 0.375) + flat rate ($166.26)
- 65 and older: retirement x 0.60
| Type of benefit | April to June 2010 | January 2010 | |||
|---|---|---|---|---|---|
| Maximum amount |
Income level cut-off |
Number of benefits |
Amount paid (millions $) |
||
| Old Age Security pension* | $516.96 | Not applicable | 4,675,695 | $2,287.4 | |
| Guaranteed Income Supplement | |||||
| Single | $652.51 | $15,672 | 975,191 | $435.5 | |
| Spouse/common-law partner of: | |||||
| a non-pensioner | $652.51 | $37,584 | 81,458 | $35.5 | |
| a pensioner | $430.90 | $20,688 | 502,859 | $140.7 | |
| an Allowance recipient | $430.90 | $37,584** | 61,307 | $22.9 | |
| Total - GIS | 1,620,815 | $634.6 | |||
| Allowance | $947.86 | $28,992 | 61,305 | $23.9 | |
| Allowance for the Survivor | $1,050.68 | $21,120 | 28,660 | $17.3 | |
| Total - Allowance and allowance for the Survivor | 89,965 | $42.2 | |||
* The Old Age Security pension repayment range in 2010 is from $66,733 to $108,090.
** The Allowance stops being paid at $28,992, while the GIS stops being paid at $37,584.
| OAS | GIS | Allowance | Total |
|---|---|---|---|
| ______________________________________________ | |||
| $28,547 | $7,999 | $527 | $37,073 |
| CPP | QPP | |
|---|---|---|
| Year's maximum pensionable earnings (YMPE) (2010) |
$47,200.00 | $47,200.00 |
| Year's basic exemption (2010) | $3,500.00 | $3,500.00 |
| Employee/employer maximum contribution (4.95%) |
$2,163.15 | $2,163.15 |
| Self-employed maximum contribution (9.9%) |
$4,326.30 | $4,326.30 |
| Account balance (March 2009) | $108.362 billion | $25.942 billion |
| Contributions (2008-2009) | $36.506 billion | $9.939 billion |
| Number of contributors (2007) | 12.5 million | 3.8 million |
| Indexation rate (January 2010) | 0.4% | 0.4% |
CPP / QPP forecasted expenditures, 2010 - 2011 (millions $)
| CPP | QPP |
|---|---|
| _________________________ | |
| $31,926 | $10,277 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-01-10E