Income Security Programs Information Card
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October - December 2003
- Catalogue No.: ISPB-258-10-03E
- To download and print PDF files, you will need the free Adobe Acrobat Reader.
- CPP/QPP Rates Card - October - December 2003 Printable version in PDF format (25 kb, 2 pages).
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 Select Figures 2003
- Main Estimates 2003 - 2004
| Type of Benefit | New Benefits Maximum Rate (2003) |
Number of Benefits (July 2003) |
Amounts Paid (July 2003) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement at age 65 | $801.25 | $801.25 | 2,931,239 | 1,034,766 | $1,313.8 | $383.9 |
| Disability | $971.26 | $971.23 | 287,289 | 59,520 | $227.7 | $47.0 |
| Survivors | ||||||
| · under age 65 | $444.96 | see chart below |
230,394 | 83,792 | $75.4 | $46.4 |
| · over age 65 | $480.75 | $480.75 | 693,226 | 235,593 | $184.9 | $61.0 |
| Total Survivor Benefits | na | na | 923,620 | 319,385 | $260.3 | $107.4 |
| Children of Disabled Contributor |
$186.71 | $59.28 | 94,402 | 7,394 | $21.4 | $0.6 |
| Children of Deceased Contributor |
$186.71 | $59.28 | 90,154 | 19,679 | $18.1 | $1.2 |
| Death (maximum lump sum) | $2,500 | $2,500 | 8,806 | 3,054 | $19.4 | $7.1 |
| Total CPP Benefits | na | na | 4,335,510 | 1,443,798 | $1,860.7 | $547.2 |
| Combined Benefits | ||||||
| Survivor/Retirement at age 65 | $801.25 | $801.25 | 523,164 | na | $325.9 | na |
| Survivor/Disability | $971.26 | na | 12,582 | na | $11.7 | na |
| Total Combined Benefits | na | na | 535,746 | 161,070 | $337.6 | $86.5 |
| Benefit | Flat Rate | Earnings Related Portion |
Total | |
|---|---|---|---|---|
| CPP Disability Benefit | $370.32 | $600.94 | $971.26 | |
| CPP Survivor Benefit under age 65 | $144.49 | $300.47 | $444.96 | |
| QPP Disability Benefit | $370.29 | $600.94 | $971.23 | |
| QPP Survivor Benefit | ||||
| - under age 45 | ||||
| · Not disabled, no child | $94.84 | $300.47 | $395.31 | |
| · Not disabled, with child | $343.81 | $300.47 | $644.28 | |
| · Disabled | $370.29 | $300.47 | $670.76 | |
| - Age 45 - 54 | $370.29 | $300.47 | $670.76 | |
| - Age 55 - 64 | $399.59 | $300.47 | $700.06 | |
| Retirement: | 25% of 1/12th of the average YMPE for the last five years. |
| Disability: | (Retirement x 0.75) + flat rate ($370.32) |
| Survivors: | · under age 65: (Retirement x 0.375) + flat rate ($144.49) |
| · age 65 or over: (Retirement x 0.60) |
Note: OAS Pension Repayment level in 2003 from $57,879 to $94,148
| Type of Benefit | October to December 2003 | July 2003 | |||
|---|---|---|---|---|---|
| Maximum Rate |
Income Level Cut-off |
Number of Benefits |
Amount Paid $Millions |
||
| Old Age Security Pension | $461.55 | na | 4,001,085 | $1,766.2 | |
| Guaranteed Income Supplement | |||||
| · Single | $548.53 | $13,176 | 874,029 | $324.4 | |
| Spouse/Common-law partner of: | |||||
| · Non-Pensioner | $548.53 | $31,920 | 68,726 | $25.1 | |
| · Pensioner | $357.30 | $17,184 | 383,083 | $87.2 | |
| · Allowance Recipient | $357.30 | $31,920 (note) |
57,440 | $16.4 | |
| Total Guaranteed Income Supplement |
na | na | 1,383,278 | $453.1 | |
| The Allowance | |||||
| · Regular | $818.85 | $24,576 | 57,438 | $17.6 | |
| · Survivor | $904.03 | $18,024 | 27,439 | $13.6 | |
| Total Allowance | na | na | 84,877 | $31.2 | |
NOTE:The Allowance stops being paid at $24,576 while the GIS stops being paid at $31,920.
Return to Allowance Recipients rates| CPP | QPP | |
|---|---|---|
| Year's Maximum Pensionable Earnings (YMPE) | $39,900.00 | $39,900.00 |
| Year's Basic Exemption | $ 3,500.00 | $ 3,500.00 |
| Employee/Employer Maximum Contribution (4.95%) |
$ 1,801.80 | $ 1,801.80 |
| Self-Employed Maximum Contribuiton (9.9%) |
$ 3,603.60 | $ 3,603.60 |
| Account Balance (June 2003) | $56,906M | $16,970M |
| Contributions (2001 - 2002) | $23,003M | $ 6,699M |
| Number of Contributors 2000 | 11.0M | 3.4M |
| Indexation Rate (January 2003) | 1.6% | 1.6% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $21,224 |
| GIS | $5,670 |
| Allowance | $391 |
| Total | $27,285 |
| CPP | $22,388 |
| QPP | $7,133 |
Produced by:
Human Resources Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-03E
ISBN: 0-662-31289-9