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October to December 2011

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Catalogue No.: ISPB-258-10-11E

Canada Pension Plan/Old Age Security Quarterly Report - Monthly Rates and Related Figures From October to December 2011 (PDF version, 156 kb 2 pages)

Table of Contents

Canada Pension Plan (CPP) and Quebec Pension Plan (QPP)
Type of benefit New benefits
Maximum amount
2011
Number of benefits
June 2011
Amounts paid
June 2011
CPP QPP CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $960.00 $960.00 3,972,054 1,444,225 $2,025.5 $661.5
Disability $1,153.37 $1,153.34 325,693 70,550 $267.4 $62.3
Survivor – younger
than 65
$529.09 (see Note 1) 240,253 77,627 $88.5 $49.2
Survivor – 65 and older $576.00 $576.00 800,714 275,548 $240.4 $82.7
Total - Survivor benefits     1,040,967 353,175 $328.9 $131.9
Children of disabled
contributor
$218.50 $69.38 89,909 7,713 $19.7 $0.6
Children of deceased
contributor
$218.50 $69.38 77,547 15,731 $16.9 $1.1
Death (maximum one-time payment) $2,500.00 $2,500.00 12,203 3,545 $27.6 $8.6
Total CPP/QPP benefits     5,518,373 1,894,939 $2,686.0 $866.0
Combined benefits
Survivor/retirement
(retirement at 65)
$960.00 $960.00 712,275 222,909 $517.8 $146.3
Survivor/disability
$1,153.37 Not applicable 14,701 2,529 $14.0 $2.7
Total - Combined benefits     726,976 225,438 $531.8 $149.0


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Disability and survivor rates
  Flat rate Earnings-related
portion
Total
CPP disability benefit $433.37 $720.00 $1,153.37
CPP survivor benefit – younger than 65 $169.09 $360.00 $529.09
QPP disability benefit $433.34 $720.00 $1,153.34
Note 1: Details of QPP benefits
QPP survivor benefit – younger than 45
Not disabled, no child $110.98 $360.00 $470.98
Not disabled, with child $402.35 $360.00 $762.35
Disabled $433.34 $360.00 $793.34
QPP survivors - aged 45 to 64 $433.34 $360.00 $793.34


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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 ($433.37)

Survivors:

  • younger than 65: (retirement x 0.375) + flat rate ($169.09)
  • 65 and older: retirement x 0.60

Please note that, as of January 2012, this publication will be available ONLY online at www.servicecanada.gc.ca.


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Old Age Security (OAS)
Type of benefit  October to December 2011 June 2011
Maximum
amount Footnote 1
Income level
cut-off Footnote 2a
Income
level cut-off for top-ups Footnote 2b
Number of
benefits
Amount paid
(in millions)
Old Age Security pension Footnote 3 $537.97 Not applicable   4,866,237 $2,424.5
Guaranteed Income Supplement (GIS)
Single $729.44 $16,320 $4,448 1,015,458 $460.4
Spouse/common-law partner of someone who:
does not receive an OAS pension
$729.44 $39,120 $8,896 88,681 $37.7
receives an OAS pension
$483.68 $21,552 $7,456 537,538 $151.4
is an Allowance recipient
$483.68 $39,120 Footnote 4 $7,456 63,545 $23.8
Total - GIS       1,705,222 $673.3
Allowance $1,021.65 $30,192 $7,456 63,545 $24.6
Allowance for the Survivor $1,143.78 $21,984 $4,448 28,957 $17.2
Total - Allowance and Allowance for the Survivor       92,502 $41.8
OAS forecasted expenditures, 2011–12 (in millions)
OAS GIS Allowance Total
$30,018 $8,594 $574 $39,186


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Other CPP/QPP figures
  CPP QPP
Year's maximum pensionable
earnings (YMPE) (2011)
$48,300.00 $48,300.00
Year's basic exemption (2011) $3,500.00 $3,500.00
Employee/employer maximum
contribution (4.95%)
$2,217.60 $2,217.60
Self-employed maximum
contribution (9.9%)
$4,435.20 $4,435.20
Account balance (March 2011) $151.833 billion $34.382 billion
Contributions (2010-11) $37.241 billion $10.126 billion
Number of contributors (2008) 12.7 million 3.8 million
Indexation rate (January 2011) 1.7% 1.7%
CPP/QPP forecasted expenditures, 2011–12 (in millions)
CPP QPP
$33,450 $10,912

Footnotes

Footnote 1

The maximum amount includes the new top-ups for the GIS and the Allowances effective July 1, 2011. More information is available on the Service Canada Web site at www.servicecanada.gc.ca/seniors.

This footnote applies to footnote references 2a, 2b.

The income level cut-offs do not include the OAS pension and the first $3,500 of employment income.

Footnote 3

The OAS pension repayment range in 2011 is from $67,668 to $110,123.

Footnote 4

The Allowance stops being paid at $30,192, while the GIS stops being paid at $39,120.