Income Security Programs Information Card

April - June 2003

• Catalogue No.: ISPB-258-04-03E
• To download and print PDF files, you will need the free Adobe Acrobat Reader. 
• CPP/QPP Rates Card - April - June 2003 Printable version in PDF format (25 kb, 2 pages).

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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 2002 - 2003

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Canada Pension Plan and Quebec Pension Plan

Type of Benefit	New Benefits Maximum Rate (2003)		Number of Benefits (January 2003)		Amounts Paid (January 2003) $Millions
	CPP	QPP	CPP	QPP	CPP	QPP
Retirement at age 65	$801.25	$801.25	2,883,912	1,014,128	$1,293.0	$378.0
Disability	$971.26	$971.23	284,218	58,247	$227.3	$46.3
Survivors
· under age 65	$444.96	see chart below	229,020	83,922	$75.1	$46.9
· over age 65	$480.75	$480.75	684,139	232,817	$182.4	$60.3
Total Survivor Benefits	na	na	913,159	316,739	$257.5	$107.2
Children of Disabled Contributor	$186.71	$59.28	85,523	7,266	$19.8	$0.6
Children of Deceased Contributor	$186.71	$59.28	80,932	19,902	$16.4	$1.2
Death (maximum lump sum)	$2,500	$2,500	7,951	4,003	$17.3	$9.3
Total CPP Benefits	na	na	4,255,695	1,420,285	$1,831.3	$542.6
Combined Benefits
Survivor/Retirement at age 65	$801.25	$801.25	511,882	na	$319.0	na
Survivor/Disability	$971.26	na	12,462	na	$12.1	na
Total Combined Benefits	na	na	524,344	157,434	$331.1	$84.8

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Disability and Survivor Rates

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

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Calculation of CPP Maximum
Monthly Rates For New Benefits

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)

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Note: OAS Pension Repayment level in 2003 from $57,879 to $94,148

Old Age Security

Type of Benefit	April to June 2003		January 2003
	Maximum Rate	Income Level Cut-off	Number of Benefits	Amount Paid $Millions
Old Age Security Pension	$456.08	na	3,963,681	$1,721.0
Guaranteed Income Supplement
· Single	$542.03	$13,032	902,857	$330.1
Spouse/Common-law partner of:
· Non-Pensioner	$542.03	$31,584	78,988	$28.1
· Pensioner	$353.06	$16,992	396,248	$87.4
· Allowance Recipient	$353.06	$31,584 (note)	62,678	$17.4
Total Guaranteed Income Supplement	na	na	1,440,771	$463.0
The Allowance
· Regular	$809.14	$24,336	62,672	$18.7
· Survivor	$893.31	$17,856	30,958	$15.6
Total Allowance	na	na	93,630	$34.3

NOTE:The Allowance stops being paid at $24,336 while the GIS stops being paid at $31,584.

Return to Allowance Recipients rates

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CPP/QPP Selected Figures

	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 (October 2002)	$51,553M	$15,569M
Contributions (2001 - 2002)	$23,003M	$ 6,699M
Number of Contributors 2000	11.0M	3.4M
Indexation Rate (January 2003)	1.6%	1.6%

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Main Estimates
2002 - 2003

Benefit	Expenditures Millions ($)
OAS	$20,432
GIS	$5,754
Allowance	$414
Total	$26,600
CPP	$21,371
QPP	$6,822

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Produced by:
Human Resources Development Canada
Income Security Programs

©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-04-03
ISBN: 0-662-31289-9