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October - December 2004

Catalogue No.: ISPB-258-10-04E
Printable version in PDF format (420kb, 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 Select Figures 2004
Main Estimates 2004 - 2005

Canada Pension Plan and Quebec Pension Plan
Type of benefit	New benefits Maximum rate (2004)		Number of benefits (July 2004)		Amounts paid (July 2004) $Millions
Type of benefit	CPP	QPP	CPP	QPP	CPP	QPP
Retirement (at 65)	$814.17	$814.17	3,038,082	1,077,002	$1,389.3	$408.9
Disability	$992.80	$992.77	291,176	61,968	$217.2	$48.7
Survivors
· under 65	$454.42	see chart below	230,933	83,941	$77.5	$47.2
· 65 and over	$488.50	$488.50	710,965	240,436	$194.3	$64.3
Total	na	na	941,898	324,377	$271.8	$111.5
Children of disabled contributor	$192.68	$61.18	93,792	7,657	$18.1	$0.6
Children of deceased contributor	$192.68	$61.18	89,367	19,345	$17.2	$1.2
Death (maximum lump sum)	$2,500.00	$2,500.00	8,453	2,859	$18.7	$6.6
Total	na	na	4,462,768	1,493,208	$1,932.4	$577.5
Combined Benefits
Survivor/Retirement at 65	$814.17	$814.17	554,420	na	$353.8	na
Survivor/Disability	$992.80	na	12,907	na	$11.5	na
Total	na	na	567,327	168,109	$365.3	$93.1

Disability and Survivor Rates
Benefit		Flat Rate	Earnings Related Portion	Total
CPP disability benefit		$382.17	$610.63	$992.80
CPP survivor's pension under 65		$149.11	$305.31	$454.42
QPP disability benefit		$382.14	$610.63	$992.77
QPP survivors
- under 45
· Not disabled, no child		$97.87	$305.31	$403.18
· Not disabled, with child		$354.81	$305.31	$660.12
· Disabled		$382.14	$305.31	$687.45
- Age 45 to 54		$382.14	$305.31	$687.45
- Age 55 to 64		$399.59	$305.31	$704.90

Calculation of CPP Maximum
Monthly Rates For New Benefits
Retirement:	25% of 1/12 of the average YMPE for the last five years.
Disability:	(Retirement x 0.75) + flat rate ($382.17)
Survivor:	· under 65: (Retirement x 0.375) + flat rate ($149.11)
	· 65 or over: (Retirement x 0.60)

Old Age Security
Type of Benefit	October to December 2004		July 2004
Type of Benefit	Maximum rate	Income level cut-off	Number of benefits	Amount paid $Millions
Old Age Security pension	$471.76	na	4,080,719	$1,816.7
Guaranteed Income Supplement
· Single	$560.69	$13,464	871,847	$330.7
Spouse/Common-law partner of
· a non-pensioner	$560.69	$32,592	72,361	$26.5
· a pensioner	$365.21	$17,568	404,104	$93.2
· an Allowance recipient	$365.21	$32,592 (note)	58,070	$17.2
Total	na	na	1,406,382	$467.6
The Allowance
· Regular	$836.97	$25,152	58,069	$18.3
· Survivor	$924.04	$18,456	27,555	$14.0
Total	na	na	85,624	$32.3

NOTE: The Allowance stops being paid at $25,152 while the GIS stops being paid at $32,592.

OAS pension repayment level in 2004 from $59,790 to $97,075

Return to Allowance Recipients rates

CPP/QPP Selected Figures (2004)
	CPP	QPP
Year's Maximum Pensionable Earnings (YMPE)	$40,500.00	$40,500.00
Year's Basic Exemption	$ 3,500.00	$ 3,500.00
Employee/employer maximum contribution (4.95%)	$ 1,831.50	$ 1,831.50
Self-employed maximum contribution (9.9%)	$ 3,663.00	$ 3,663.00
Account balance (April 2004)	$72,829 M	$20,187 M
Contributions (2003 - 2004)	$27,858 M	$ 8,163 M
Number of contributors 2002	11.3 M	3.6 M
Indexation rate (January 2004)	3.2%	3.2%

Main Estimates
2004 - 2005
Benefit	Expenditures Millions ($)
OAS	$22,198
GIS	$5,950
Allowance	$423
Total	$28,571
CPP	$23,670
QPP	$7,477

Produced by:
Social Development Canada
Income Security Programs

©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-04E

Last modified : 2004-10-01

Important Notices