Income Security Programs Information Card
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July - September 2006
- Catalogue No.: ISPB-258-07-06E
- Printable version in PDF format (409kb, 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 (March 2006) |
Amounts paid (March 2006) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at 65) | $844.58 | $844.58 | 3,217,757 | 1,152,994 | $1,522.9 | $450.6 |
| Disability | $1,031.05 | $1,031.02 | 300,487 | 66,210 | $231.6 | $54.6 |
| Survivors | ||||||
| · under 65 | $471.85 | see chart below |
234,825 | 83,015 | $81.6 | $47.6 |
| · 65 and over | $506.75 | $506.75 | 736,249 | 248,846 | $208.3 | $69.4 |
| Total | 971,074 | 331,861 | $289.9 | $117.0 | ||
| Children of disabled contributor |
$200.47 | $63.65 | 90,409 | 8,038 | $18.2 | $0.7 |
| Children of deceased contributor |
$200.47 | $63.65 | 83,564 | 18,917 | $16.7 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 12,524 | 3,380 | $27.7 | $7.9 |
| Total | 4,675,815 | 1,581,400 | $2,107.1 | $632.0 | ||
| Combined Benefits | ||||||
| Survivor/Retirement at 65 | $844.58 | $844.58 | 590,792 | na | $393.8 | na |
| Survivor/Disability | $1,031.05 | na | 13,067 | na | $12.0 | na |
| Total | 603,859 | 179,885 | $405.8 | $103.4 | ||
| 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 | July to September 2006 | March 2006 | |||
|---|---|---|---|---|---|
| Maximum rate |
Income level cut-off |
Number of benefits |
Amount paid $Millions |
||
| Old Age Security pension | $487.54 | na | 4,2228,014 | $1,948.8 | |
| Guaranteed Income Supplement | |||||
| · Single | $597.53 | $14,352 | 954,337 | $390.0 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $597.53 | $34,560 | 89,482 | $35.7 | |
| · a pensioner | $392.01 | $18,864 | 465,329 | $117.0 | |
| · an Allowance recipient | $392.01 | $34,560 (note) |
64,095 | $22.7 | |
| Total | 1,575,243 | $564.5 | |||
| The Allowance | |||||
| · Regular | $879.55 | $26,688 | 66,095 | $21.8 | |
| · Survivor | $973.05 | $19,488 | 30,504 | $17.0 | |
| Total | na | na | 96,594 | $39.7 | |
NOTE: The Allowance stops being paid at $26,688 while the GIS stops being paid at $34,560.
OAS pension repayment level in 2006 from $62,144 to $100,031.
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 (February 2006) | $96,079 M | $27,602 M |
| Contributions (2004 - 2005) | $28,583 M | $ 8,461 M |
| Number of contributors 2004 | 11.6 M | 3.7 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-258-07-06E