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January - March 2004
- Catalogue No.: ISPB-258-01-04E
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- CPP/QPP Rates Card - January - March 2004 Printable version in PDF format (131 kb, 2 pages).
Table of Contents
Canada Pension Plan and Quebec Pension Plan
Type of Benefit |
New Benefits
Maximum Rate
(2004) |
Number of Benefits
(October 2003) |
Amounts Paid
(October 2003)
$Millions |
CPP |
QPP |
CPP |
QPP |
CPP |
QPP |
Retirement at age 65 |
$814.17 |
$814.17 |
2,960,756 |
1,045,544 |
$1,327.1 |
$387.0 |
Disability |
$992.80 |
$992.77 |
282,292 |
60,055 |
$228.8 |
$46.5 |
Survivors |
· under age 65 |
$454.42 |
see chart
below |
231,136 |
83,829 |
$75.7 |
$46.3 |
· over age 65 |
$488.50 |
$485.50 |
698,686 |
237,325 |
$186.6 |
$61.6 |
Total Survivor Benefits |
na |
na |
929,822 |
321,154 |
$262.4 |
$107.9 |
Children of Disabled
Contributor |
$192.68 |
$61.18 |
82,189 |
7,446 |
$19.3 |
$0.6 |
Children of Deceased
Contributor |
$192.68 |
$61.18 |
76,986 |
19,610 |
$16.1 |
$1.2 |
Death (maximum lump sum) |
$2,500 |
$2,500 |
11,457 |
3,636 |
$25.1 |
$8.4 |
Total CPP Benefits |
na |
na |
4,349,502 |
1,457,445 |
$1,878.8 |
$551.6 |
Combined Benefits |
Survivor/Retirement at age 65 |
$814.17 |
$814.17 |
529,470 |
na |
$331.2 |
na |
Survivor/Disability |
$992.80 |
na |
12,619 |
na |
$11.8 |
na |
Total Combined Benefits |
na |
na |
542,089 |
163,049 |
$343.0 |
$87.5 |
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Disability and Survivor Rates
Benefit |
Flat Rate |
Earnings Related
Portion |
Total |
CPP Disability Benefit |
$382.17 |
$610.63 |
$992.80 |
CPP Survivor Benefit under age 65 |
$149.11 |
$305.31 |
$454.42 |
QPP Disability Benefit |
$382.14 |
$610.63 |
$992.77 |
QPP Survivor Benefit |
- under age 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 - 54 |
|
$382.14 |
$305.31 |
$687.45 |
- Age 55 - 64 |
|
$399.59 |
$305.31 |
$704.90 |
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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 ($382.17) |
Survivors: |
· under age 65: (Retirement x 0.375) + flat rate ($149.11) |
|
· age 65 or over: (Retirement x 0.60) |
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Note: OAS Pension Repayment level in 2004 from $59,790 to $96,788
Old Age Security
Type of Benefit |
January to March 2004 |
October 2003 |
Maximum
Rate |
Income Level
Cut-off |
Number of
Benefits |
Amount Paid
$Millions |
Old Age Security Pension |
$462.47 |
na |
4,024,373 |
$1,776.7 |
Guaranteed Income Supplement |
· Single |
$549.63 |
$13,200 |
909,787 |
$341.2 |
Spouse/Common-law partner of: |
|
· Non-Pensioner |
$549.63 |
$31,968 |
76,059 |
$28.5 |
· Pensioner |
$358.01 |
$17,232 |
417,412 |
$93.9 |
· Allowance Recipient |
$358.01 |
$31,968
(note) |
61,795 |
$17.9 |
Total Guaranteed
Income Supplement |
na |
na |
1,465,053 |
$481.5 |
The Allowance |
· Regular |
$820.48 |
$24,672 |
61,784 |
$19.1 |
· Survivor |
$905.83 |
$18,096 |
29,380 |
$15.1 |
Total Allowance |
na |
na |
91,164 |
$34.2 |
NOTE:The Allowance stops being paid at $24,672 while the GIS stops being paid at $31,968.
Return to Allowance Recipients rates
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CPP/QPP Selected Figures
|
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
Contribuiton (9.9%) |
$ 3,663.00 |
$ 3,663.00 |
Account Balance (September 2003) |
$60,152M |
$17,732M |
Contributions (2002 - 2003) |
$25,572M |
$ 7,353M |
Number of Contributors 2001 |
11.2M |
3.5M |
Indexation Rate (January 2004) |
3.2% |
3.2% |
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Main Estimates
2004 - 2005
Benefit |
Expenditures
Millions ($) |
OAS |
$22,198 |
GIS |
$5,950 |
Allowance |
$423 |
Total |
$28,571 |
CPP |
$23,670 |
QPP |
$7,477 |
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Produced by:
Human Resources Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2003
Catalogue No.: ISPB-258-01-04E
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