Income Security Programs Information Card
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January - March 2006
- Catalogue No.: ISPB-258-01-06E
- Printable version in PDF format (277kb, 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 2005 - 2006
| Type of benefit | New benefits Maximum rate (2006) |
Number of benefits (October 2005) |
Amounts paid (October 2005) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at age 65) | $844.58 | $844.58 | 3,173,063 | 1,133,547 | $1,470.1 | $433.1 |
| Disability | $1,031.05 | $1,031.02 | 296,518 | 65,044 | $223.7 | $51.3 |
| Survivors | ||||||
| · under 65 | $471.85 | see chart below |
233,478 | 83,141 | $79.4 | $46.8 |
| · 65 and over | $506.75 | $506.75 | 729,848 | 247,119 | $202.1 | $67.4 |
| Total | n.a. | n.a. | 963,326 | 330,260 | $281.5 | $114.2 |
| Children of disabled contributor |
$200.47 | $63.65 | 79,903 | 7,925 | $15.7 | $0.6 |
| Children of deceased contributor |
$200.47 | $63.65 | 72,597 | 18,990 | $14.2 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 9,461 | 2,745 | $20.9 | $6.8 |
| Total | n.a. | n.a. | 4,594,868 | 1,558,511 | $2,026.1 | $607.2 |
| Combined Benefits | ||||||
| Survivor/Retirement at age 65 | $844.58 | $844.58 | 581,646 | n.a. | $378.7 | n.a. |
| Survivor/Disability | $1,031.05 | n.a. | 12,938 | n.a. | $11.6 | n.a. |
| Total | n.a. | n.a. | 594,584 | 177,075 | $390.3 | $99.3 |
| 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 | January to March 2006 | October 2005 | |||
|---|---|---|---|---|---|
| Maximum rate |
Income level cut-off |
Number of benefits |
Amount paid $Millions |
||
| Old Age Security pension | $484.63 | n.a. | 4,193,190 | $1,914.9 | |
| Guaranteed Income Supplement | |||||
| · Single | $593.97 | $14,256 | 933,028 | $363.2 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $593.97 | $34,368 | 80,524 | $31.2 | |
| · a pensioner | $389.67 | $18,720 | 447,670 | $107.1 | |
| · an Allowance recipient | $389.67 | $34,368 (note) |
62,388 | $19.7 | |
| Total | n.a. | n.a. | 1,523,610 | $521.2 | |
| The Allowance | |||||
| · Regular | $874.30 | $26,496 | 62,382 | $20.8 | |
| · Survivor | $967.24 | $19,368 | 29,823 | $15.7 | |
| Total | n.a. | n.a. | 92,205 | $36.5 | |
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) Corrected 2006-02-14 | $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 | $23,044 |
| GIS | $6,221 |
| Allowance | $451 |
| Total | $29,716 |
| CPP | $24,868 |
| QPP | $7,968 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-01-06E