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October - December 2003
- Catalogue No.: ISPB-258-10-03E
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- CPP/QPP Rates Card - October - December 2003 Printable version in PDF format (25 kb, 2 pages).
Table of Contents
Canada Pension Plan and Quebec Pension Plan
Type of Benefit |
New Benefits
Maximum Rate
(2003) |
Number of Benefits
(July 2003) |
Amounts Paid
(July 2003)
$Millions |
CPP |
QPP |
CPP |
QPP |
CPP |
QPP |
Retirement at age 65 |
$801.25 |
$801.25 |
2,931,239 |
1,034,766 |
$1,313.8 |
$383.9 |
Disability |
$971.26 |
$971.23 |
287,289 |
59,520 |
$227.7 |
$47.0 |
Survivors |
· under age 65 |
$444.96 |
see chart
below |
230,394 |
83,792 |
$75.4 |
$46.4 |
· over age 65 |
$480.75 |
$480.75 |
693,226 |
235,593 |
$184.9 |
$61.0 |
Total Survivor Benefits |
na |
na |
923,620 |
319,385 |
$260.3 |
$107.4 |
Children of Disabled
Contributor |
$186.71 |
$59.28 |
94,402 |
7,394 |
$21.4 |
$0.6 |
Children of Deceased
Contributor |
$186.71 |
$59.28 |
90,154 |
19,679 |
$18.1 |
$1.2 |
Death (maximum lump sum) |
$2,500 |
$2,500 |
8,806 |
3,054 |
$19.4 |
$7.1 |
Total CPP Benefits |
na |
na |
4,335,510 |
1,443,798 |
$1,860.7 |
$547.2 |
Combined Benefits |
Survivor/Retirement at age 65 |
$801.25 |
$801.25 |
523,164 |
na |
$325.9 |
na |
Survivor/Disability |
$971.26 |
na |
12,582 |
na |
$11.7 |
na |
Total Combined Benefits |
na |
na |
535,746 |
161,070 |
$337.6 |
$86.5 |
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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 |
October to December 2003 |
July 2003 |
Maximum
Rate |
Income Level
Cut-off |
Number of
Benefits |
Amount Paid
$Millions |
Old Age Security Pension |
$461.55 |
na |
4,001,085 |
$1,766.2 |
Guaranteed Income Supplement |
· Single |
$548.53 |
$13,176 |
874,029 |
$324.4 |
Spouse/Common-law partner of: |
|
· Non-Pensioner |
$548.53 |
$31,920 |
68,726 |
$25.1 |
· Pensioner |
$357.30 |
$17,184 |
383,083 |
$87.2 |
· Allowance Recipient |
$357.30 |
$31,920
(note) |
57,440 |
$16.4 |
Total Guaranteed
Income Supplement |
na |
na |
1,383,278 |
$453.1 |
The Allowance |
· Regular |
$818.85 |
$24,576 |
57,438 |
$17.6 |
· Survivor |
$904.03 |
$18,024 |
27,439 |
$13.6 |
Total Allowance |
na |
na |
84,877 |
$31.2 |
NOTE:The Allowance stops being paid at $24,576 while the GIS stops being paid at $31,920.
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 (June 2003) |
$56,906M |
$16,970M |
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
2003 - 2004
Benefit |
Expenditures
Millions ($) |
OAS |
$21,224 |
GIS |
$5,670 |
Allowance |
$391 |
Total |
$27,285 |
CPP |
$22,388 |
QPP |
$7,133 |
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Produced by:
Human Resources Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-03E
ISBN: 0-662-31289-9
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