Income Security Programs Information Card
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July - September 2009
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Catalogue No.: ISPB-258-07-09E
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 2009 |
Number of benefits May 2009 |
Amounts paid May 2009 |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $908.75 | $908.75 | 3,632,509 | 1,316,643 | $1,819.5 | $541.1 |
| Disability | $1,105.99 | $1,105.96 | 313,035 | 69,868 | $254.1 | $58.8 |
| Survivor younger than 65 |
$506.38 | (see Note 1) | 237,450 | 80,332 | $86.6 | $47.5 |
| Survivor 65 and older | $545.25 | $545.25 | 778,263 | 262,582 | $231.2 | $77.7 |
| Total - Survivor benefits | 1,015,713 | 342,914 | $317.8 | $125.2 | ||
| Children of disabled contributor |
$213.99 | $67.95 | 87,292 | 7,960 | $18.7 | $0.8 |
| Children of deceased contributor |
$213.99 | $67.95 | 77,026 | 17,364 | $16.5 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 12,619 | 4,231 | $28.3 | $9.8 |
| Total CPP / QPP benefits | 5,138,194 | 1,758,980 | $2,454.9 | $736.9 | ||
| Combined benefits | ||||||
Survivor/retirement
(retirement at 65) |
$908.75 | $908.75 | 659,492 | Not applicable | $470.9 | Not applicable |
| Survivor/disability | $1,105,99 | Not applicable | 13,062 | Not applicable | $12.5 | Not applicable |
| Total - Combined benefits | 672,554 | 201,760 | $483.4 | $123.2 | ||
| Flat rate | Earnings-related portion |
Total | |
|---|---|---|---|
| CPP disability benefit | $424.43 | $681.56 | $1,105,99 |
| CPP survivor benefit - under 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)
Survivors:
- younger than 65: (retirement x 0.375) + flat rate ($165.60)
- 65 and older: (retirement x 0.60)
| Type of benefit | July to September 2009 | March 2009 | |||
|---|---|---|---|---|---|
| Maximum amount |
Income level cut-off |
Number of benefits |
Amount paid (millions $) |
||
| Old Age Security pension* | $516.96 | Not applicable | 4,561,094 | $2,232.8 | |
| Guaranteed Income Supplement | |||||
| Single | $652.51 | $15,672 | 964,609 | $436.6 | |
| Spouse/common-law partner of: | |||||
| does not receive an OAS pension | $652.51 | $37,584 | 83,284 | $36.1 | |
| receives an OAS pension | $430.90 | $20,688 | 492,161 | $139.9 | |
| an Allowance recipient | $430.90 | $37,584** | 63,441 | $23.4 | |
| Total - GIS | 1,603,495 | $635.4 | |||
| Allowance | $947.86 | $28,992 | 63,440 | $24.5 | |
| Allowance for the Survivor | $1,050.68 | $21,120 | 30,068 | $17.9 | |
| Total - Allowance and allowance for the Survivor | 93,508 | $42.4 | |||
* 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 (December 2008) | $111.224 billion | $25.606 billion |
| Contributions (2007-2008) | $33.898 billion | $9.394 billion |
| Number of contributors (2007) | 12.5 million | 3.8 million |
| Indexation rate (January 2009) | 2.5% | 2.5% |
| 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-258-07-09E