Income Security Programs Information Card
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October – December 2009
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Catalogue No.: ISPB-258-10-09E
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
- Selected Figures 2009
- 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 | 3,658,732 | 1,326,443 | $1,831.7 | $544.3 |
| Disability | $1,105.99 | $1,105.96 | 315,054 | 69,821 | $255.4 | $59.0 |
| Survivor younger than 65 |
$506.38 | (see Note 1) | 237,925 | 79,937 | $86.7 | $47.0 |
| Survivor 65 and older | $545.25 | $545.25 | 781,190 | 263,210 | $231.7 | $77.7 |
| Total - Survivor benefits | 1,019,115 | 343,147 | $318.4 | $124.7 | ||
| Children of disabled contributor |
$213.99 | $67.95 | 90,108 | 7,938 | $19.3 | $0.7 |
| Children of deceased contributor |
$213.99 | $67.95 | 79,722 | 17,212 | $17.0 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 10,336 | 3,138 | $23.4 | $7.8 |
| Total CPP / QPP benefits | 5,173,067 | 1,767,699 | $2,465.2 | $737.7 | ||
| Combined benefits | ||||||
Survivor/retirement
(retirement at 65) |
$908.75 | $908.75 | 663,853 | Not applicable | $474.1 | Not applicable |
| Survivor/disability | $1,105,99 | Not applicable | 13,125 | Not applicable | $12.6 | Not applicable |
| Total - Combined benefits | 676,978 | 202,851 | $486.7 | $123.6 | ||
| 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)
Survivor:
- younger than 65: (retirement x 0.375) + flat rate ($165.60)
- 65 and older: retirement x 0.60
| Type of benefit | October to December 2009 | May 2009 | |||
|---|---|---|---|---|---|
| Maximum amount |
Income level cut-off |
Number of benefits |
Amount paid (millions $) |
||
| Old Age Security pension* | $516.96 | Not applicable | 4,584,512 | $2,244.2 | |
| Guaranteed Income Supplement | |||||
| Single | $652.51 | $15,672 | 978,016 | $437.9 | |
| Spouse/common-law partner of: | |||||
| a non-pensioner | $652.51 | $37,584 | 83,653 | $35.8 | |
| a pensioner | $430.90 | $20,688 | 502,705 | $139.9 | |
| an Allowance recipient | $430.90 | $37,584** | 63,006 | $23.1 | |
| Total - GIS | 1,627,380 | $636.7 | |||
| Allowance | $947.86 | $28,992 | 63,002 | $24.2 | |
| Allowance for the Survivor | $1,050.68 | $21,120 | 29,756 | $17.7 | |
| Total - Allowance and allowance for the Survivor | 92,758 | $41.9 | |||
* 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 (March 2009) | $108.362 billion | $25.942 billion |
| Contributions (2008-2009) | $34.705 billion | $9.939 billion |
| Number of contributors (2007) | 12.5 million | 3.8 million |
| Indexation rate (January 2009) | 2.5% | 2.5% |
CPP / QPP forecasted expenditures, 2009 - 2010 (millions $)
| 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-258-10-09E