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October - December 2005
- Catalogue No.: ISPB-258-10-05E
- Printable version in PDF format (742kb, 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 2005 - 2006
| Type of benefit | New benefits Maximum rate (2005) | Number of benefits (July 2005) | Amounts paid (July 2005) $Millions | |||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP | QPP | |
| Retirement (at age 65) | $828.75 | $828.75 | 3,143,497 | 1,121,528 | $1,457.5 | $429.4 |
| Disability | $1,010.23 | $1,010.20 | 294,645 | 64,594 | $222.8 | $51.2 |
| Survivors | ||||||
| · under 65 | $462.42 | see chart below | 233,070 | 83,203 | $79.4 | $46.8 |
| · 65 and over | $497.25 | $497.25 | 725,419 | 245,915 | $201.0 | $67.0 |
| Total | n.a. | n.a. | 958,489 | 329,118 | $280.4 | $113.8 |
| Children of disabled contributor | $195.96 | $62.22 | 92,959 | 7,884 | $18.2 | $0.6 |
| Children of deceased contributor | $195.96 | $62.22 | 88,166 | 19,066 | $17.3 | $1.2 |
| Death (maximum lump sum) | $2,500.00 | $2,500.00 | 8,948 | 2,664 | $19.8 | $6.1 |
| Total | n.a. | n.a. | 4,586,704 | 1,544,834 | $2,016.0 | $602.3 |
| Combined Benefits | ||||||
| Survivor/Retirement at age 65 | $828.75 | $828.75 | 575,852 | n.a. | $374.7 | n.a. |
| Survivor/Disability | $1,010.23 | n.a. | 12,908 | n.a. | $11.6 | n.a. |
| Total | n.a. | n.a. | 588,760 | 175,347 | $386.3 | $98.4 |
| 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 | |
| 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) |
| Type of Benefit | October to December 2005 | July 2005 | |||
|---|---|---|---|---|---|
| Maximum rate | Income level cut-off | Number of benefits | Amount paid $Millions | ||
| Old Age Security pension | $479.83 | n.a. | 4,163,970 | $1,891.0 | |
| Guaranteed Income Supplement | |||||
| · Single | $570.27 | $13,704 | 892,509 | $342.3 | |
| Spouse/Common-law partner of | |||||
| · a non-pensioner | $570.27 | $33,168 | 72,838 | $27.5 | |
| · a pensioner | $371.46 | $17,856 | 423,951 | $99.5 | |
| · an Allowance recipient | $371.46 | $33,168 (note) | 59,178 | $18.2 | |
| Total | n.a. | n.a. | 1,448,476 | $487.5 | |
| The Allowance | |||||
| · Regular | $851.29 | $25,536 | 59,174 | $19.3 | |
| · Survivor | $939.84 | $18,744 | 28,409 | $14.4 | |
| Total | n.a. | n.a. | 87,583 | $33.7 | |
NOTE: The Allowance stops being paid at $25,536 while the GIS stops being paid at $33,168.
OAS pension repayment level in 2005 from $60,806 to $98,850.
Return to Allowance Recipients rates| 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) | $88,979 M | $25,515 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% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $23,044 |
| GIS | $6,221 |
| Allowance | $451 |
| Total | $29,716 |
| CPP | $24,868 |
| QPP | $7,968 |
Produced by:
Social Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-05E
| Last modified : 2005-09-30 | top | Important Notices |