Income Security Programs Information Card
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
- Disability and Survivor Rates
- Calculation of CPP Maximum Monthly Rates For New Benefits
- Old Age Security
- CPP/QPP Select Figures 2004
- Main Estimates 2004 - 2005
| 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 |
| 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 | |
| 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) |
Note: OAS Pension Repayment level in 2004 from $59,790 to $96,788
| 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| 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% |
| Benefit | Expenditures Millions ($) |
|---|---|
| OAS | $22,198 |
| GIS | $5,950 |
| Allowance | $423 |
| Total | $28,571 |
| CPP | $23,670 |
| QPP | $7,477 |
Produced by:
Human Resources Development Canada
Income Security Programs
©Minister of Public Works and Government Services, 2003
Catalogue No.: ISPB-258-01-04E
