Income Security Programs Information Card
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July - September 2010
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Catalogue No.: ISPB-258-07-10E
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
- OAS forecasted expenditures, 2010–2011 (in millions)
- Other CPP/QPP figures
- CPP/QPP forecasted expenditures, 2010 - 2011 (millions)
| Type of benefit | New benefits Maximum amount 2010 |
Number of benefits |
Amounts paid |
|||
|---|---|---|---|---|---|---|
| March 2010 | December 2009 | March 2010 | December 2009 | |||
| CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $934.17 | $934.17 | 3,783,985 | 1,360,670 | $1,899.3 | $639.0 |
| Disability | $1,126.76 | $1,126.73 | 317,399 | 70,118 | $257.4 | $60.5 |
| Survivor – younger than 65 |
$516.57 | (see Note 1) | 240,788 | 134,847 | $87.7 | $50.2 |
| Survivor – 65 and older | $560.50 | $560.50 | 788,222 | 213,605 | $233.9 | $79.5 |
| Total - Survivor benefits | 1,029,010 | 348,452 | $321.6 | $129.7 | ||
| Children of disabled contributor |
$214.85 | $68.22 | 86,127 | 7,937 | $18.5 | $0.7 |
| Children of deceased contributor |
$214.85 | $68.22 | 75,772 | 16,717 | $16.3 | $1.2 |
| Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 11,926 | 3,174 | $26.8 | $5.5 |
| Total CPP/QPP benefits | 5,304,219 | 1,807,068 | $2,539.8 | $836.6 | ||
| Combined benefits | ||||||
Survivor/retirement
(retirement at 65) |
$934.17 | $934.17 | 685,043 | Not applicable | $490.0 | Not applicable |
Survivor/disability
|
$1,126,76 | Not applicable | 14,371 | Not applicable | $13.6 | Not applicable |
| Total - Combined benefits | 699,414 | 214,472 | $503.6 | $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 – younger than 45 | |||
| Not disabled, no child | $109.12 | $350.31 | $459.43 |
| Not disabled, with child | $395.92 | $350.31 | $745.93 |
| Disabled | $426.10 | $350.31 | $776.41 |
| QPP survivors - 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)
Survivors:
- younger than 65: (retirement x 0.375) + flat rate ($166.26)
- 65 and older: retirement x 0.60
| Type of benefit | July to September 2010 | March 2010 | |||
|---|---|---|---|---|---|
| Maximum amount |
Income level cut-off |
Number of benefits |
Amount paid (in millions) |
||
| Old Age Security pension* | $518.51 | Not applicable | 4,691,884 | $2,294.9 | |
| Guaranteed Income Supplement | |||||
| Single | $654.47 | $15,720 | 979,536 | $437.3 | |
| Spouse/common-law partner of someone who: | |||||
| does not receive an OAS pension | $654.47 | $37,680 | 89,102 | $38.8 | |
| receives an OAS pension | $432.19 | $20,784 | 504,302 | $141.0 | |
| is an Allowance recipient | $432.19 | $37,680** | 62,847 | $23.4 | |
| Total - GIS | 1,635,787 | $640.5 | |||
| Allowance | $950.70 | $29,088 | 62,847 | $24.4 | |
| Allowance for the Survivor | $1,053.83 | $21,168 | 30,821 | $18.5 | |
| Total - Allowance and Allowance for the Survivor | 93,668 | $42.9 | |||
* The Old Age Security pension repayment range in 2010 is from $66,733 to $108,152.
** The Allowance stops being paid at $29,088 while the GIS stops being paid at $37,680.
OAS forecasted expenditures, 2010–2011 (in millions)
| 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 (December 2009) | $126.837 billion | $28.526 billion |
| Contributions (2009-2010) | $35.511 billion | $10.346 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 (in millions)
| CPP | QPP |
|---|---|
| _________________________ | |
| $31,926 | $10,277 |