Income Security Programs Information Card
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October - December 2006
- Catalogue No.: ISPB-258-10-06E
- Printable version in PDF format (553kb, 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 (July 2006) |
Amounts paid (July 2006) $Millions |
|||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at age 65) | $844.58 | $844.58 | 3,261,450 | 1,172,426 | $1,542.0 | $456.0 |
| Disability | $1,031.05 | $1,031.02 | 302,837 | 66,481 | $233.0 | $53.3 |
| Survivors | ||||||
| · under 65 | $471.85 | see chart below |
234,928 | 82,578 | $81.6 | $46.9 |
| · 65 and over | $506.75 | $506.75 | 741,323 | 250,525 | $209.3 | $69.7 |
| Total | n.a. | n.a. | 976,251 | 333,103 | $290.9 | $116.6 |
| Children of disabled contributor |
$200.47 | $63.65 | 94,353 | 7,984 | $18.9 | $0.6 |
| Children of deceased contributor |
$200.47 | $63.65 | 87,261 | 18,768 | $17.5 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 9,784 | 2,938 | $21.7 | $6.8 |
| Total | n.a. | n.a. | 4,731,936 | 1,601,700 | $2,124.1 | $634.5 |
| Combined Death Benefits | ||||||
| Survivor/Retirement at age 65 | $844.58 | $844.58 | 598,447 | n.a. | $399.1 | n.a. |
| Survivor/Disability | $1,031.05 | n.a. | 13,087 | n.a. | $11.9 | n.a. |
| Total | 611,534 | 182,291 | $411.0 | $104.4 | ||
| 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 | October to December 2006 | July 2006 | |||
|---|---|---|---|---|---|
| Maximum rate |
Income level cut-off |
Number of benefits |
Amount paid $Millions |
||
| Old Age Security pension | $491.93 | n.a. | 4,267,512 | $1,976.7 | |
| Guaranteed Income Supplement | |||||
| · Single | $602.91 | $14,472 | 887,474 | $365.2 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $602.91 | $34,848 | 74,808 | $29.7 | |
| · a pensioner | $395.54 | $19,008 | 427,907 | $110.3 | |
| · an Allowance recipient | $395.54 | $34,848 (note) |
59,239 | $19.4 | |
| Total | n.a. | n.a. | 1,449,428 | $524.6 | |
| The Allowance | |||||
| · Regular | $887.47 | $26,880 | 59,240 | $20.4 | |
| · Survivor | $981.81 | $19,632 | 26,761 | $14.6 | |
| Total | n.a. | n.a. | 86,001 | $35.0 | |
NOTE: The Allowance stops being paid at $26,880 while the GIS stops being paid at $34,848.
OAS pension repayment level in 2006 from $62,144 to $101,118.
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 (March 2006) | $97,082 M | $28,480 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:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-06E