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April - June 2005

Catalogue No.: ISPB-258-04-05E
Printable version in PDF format (622kb, 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 2005
Forecasted Expenditures 2004 - 2005

Canada Pension Plan and Quebec Pension Plan
Type of benefit	New benefits Maximum rate (2005)		Number of benefits (December 2004)		Amounts paid (December 2004) $Millions
Type of benefit	CPP	QPP	CPP	QPP	CPP	QPP
Retirement (at 65)	$828.75	$828.75	3,080,429	1,094,811	$1,407.2	$415.1
Disability	$1,010.23	$1,010.20	291,333	63,339	$216.9	$50.2
Survivors
· under 65	$462.42	see chart below	231,735	83,911	$77.7	$47.0
· 65 and over	$497.25	$497.25	717,598	242,967	$195.9	$65.1
Total	na	na	949,333	326,878	$273.6	$112.1
Children of disabled contributor	$195.96	$62.22	87,016	7,812	$16.8	$0.6
Children of deceased contributor	$195.96	$62.22	81,805	19,209	$15.8	$1.2
Death (maximum lump sum)	$2,500.00	$2,500.00	10,880	2,630	$24.2	$6.2
Total	na	na	4,500,796	1,514,679	$1,954.5	$585.4
Combined Benefits
Survivor/Retirement at 65	$828.75	$828.75	563,457	na	$359.9	na
Survivor/Disability	$1,010.23	na	12,871	na	$11.4	na
Total	na	na	576,328	170,624	$371.3	$94.2

Disability and Survivor Rates
Benefit		Flat Rate	Earnings-Related Portion	Total
CPP disability benefit		$388.67	$621.56	$1,010.23
CPP survivor's pension under 65		$151.64	$310.78	$462.42
QPP disability benefit		$388.64	$621.56	$1,010.20
QPP survivors
- under 45
· Not disabled, no child		$99.53	$310.78	$410.31
· Not disabled, with child		$360.84	$310.78	$671.62
· Disabled		$388.64	$310.78	$699.42
- Age 45 to 54		$388.64	$310.78	$699.42
- Age 55 to 64		$399.59	$310.78	$710.37

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 ($388.67)
Survivor:	· under 65: (Retirement x 0.375) + flat rate ($151.64)
	· 65 or over: (Retirement x 0.60)

Old Age Security
Type of Benefit	April to June 2005		December 2004
Type of Benefit	Maximum rate	Income level cut-off	Number of benefits	Amount paid $Millions
Old Age Security pension	$473.65	na	4,120,571	$1,853.8
Guaranteed Income Supplement
· Single	$562.93	$13,512	916,440	$357.6
Spouse/Common-law partner of
· a non-pensioner	$562.93	$32,736	83,549	$31.6
· a pensioner	$366.67	$17,616	431,009	$102.4
· an Allowance recipient	$366.67	$32,736 (note)	64,285	$19.5
Total	na	na	1,495,283	$511.1
The Allowance
· Regular	$840.32	$25,200	64,285	$20.8
· Survivor	$927.74	$18,504	31,376	$16.6
Total	na	na	95,661	$37.4

NOTE: The Allowance stops being paid at $25,200 while the GIS stops being paid at $32,736.

OAS pension repayment level in 2005 from $60,806 to $98,660

CPP/QPP Selected Figures (2005)
	CPP	QPP
Year's Maximum Pensionable Earnings (YMPE)	$41,100.00	$41,100.00
Year's Basic Exemption	$ 3,500.00	$ 3,500.00
Employee/employer maximum contribution (4.95%)	$ 1,861.20	$ 1,861.20
Self-employed maximum contribution (9.9%)	$ 3,722.40	$ 3,722.40
Account balance (August 2004)	$75,616 M	$22,001 M
Contributions (2003 - 2004)	$27,858 M	$ 8,163 M
Number of contributors 2002	11.3 M	3.6 M
Indexation rate (January 2005)	1.7%	1.7%

Main Estimates
2004 - 2005
Benefit	Expenditures Millions ($)
OAS	$22,130
GIS	$6,001
Allowance	$431
Total	$28,562
CPP	$23,612
QPP	$7,611

Produced by:
Social Development Canada
Income Security Programs

©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-04-05E

Last modified : 2005-03-30

Important Notices