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Proactive Disclosure

Income Security Programs Information Card

October - December 2006

Catalogue No.: ISPB-258-10-06E
Printable version in PDF format (553kb, 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 2006
Forecasted Expenditures 2006 - 2007

Canada Pension Plan and Quebec Pension Plan
Type of benefit	New benefits Maximum rate (2006)		Number of benefits (July 2006)		Amounts paid (July 2006) $Millions
Type of benefit	CPP	QPP	CPP	QPP	CPP	QPP
Retirement (at age 65)	$844.58	$844.58	3,261,450	1,172,426	$1,542.0	$456.0
Disability	$1,031.05	$1,031.02	302,837	66,481	$233.0	$53.3
Survivors
· under 65	$471.85	see chart below	234,928	82,578	$81.6	$46.9
· 65 and over	$506.75	$506.75	741,323	250,525	$209.3	$69.7
Total	n.a.	n.a.	976,251	333,103	$290.9	$116.6
Children of disabled contributor	$200.47	$63.65	94,353	7,984	$18.9	$0.6
Children of deceased contributor	$200.47	$63.65	87,261	18,768	$17.5	$1.2
Death (maximum lump sum)	$2,500.00	$2,500.00	9,784	2,938	$21.7	$6.8
Total	n.a.	n.a.	4,731,936	1,601,700	$2,124.1	$634.5
Combined Death Benefits
Survivor/Retirement at age 65	$844.58	$844.58	598,447	n.a.	$399.1	n.a.
Survivor/Disability	$1,031.05	n.a.	13,087	n.a.	$11.9	n.a.
Total			611,534	182,291	$411.0	$104.4

Disability and Survivor Rates
Benefit		Flat Rate	Earnings-Related Portion	Total
CPP disability benefit		$397.61	$633.44	$1,031.05
CPP survivor's pension under 65		$155.13	$316.72	$471.85
QPP disability benefit		$397.58	$633.44	$1,031.02
QPP survivors
- under 45
· Not disabled, no child		$101.82	$316.72	$418.54
· Not disabled, with child		$369.14	$316.72	$685.86
· Disabled		$397.58	$316.72	$714.30
- Age 45 to 54		$397.58	$316.72	$714.30
- Age 55 to 64		$399.59	$316.72	$716.31

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 ($397.61)
Survivor:	· under 65: (Retirement x 0.375) + flat rate ($155.13)
	· 65 or over: (Retirement x 0.60)

Old Age Security
Type of Benefit	October to December 2006		July 2006
Type of Benefit	Maximum rate	Income level cut-off	Number of benefits	Amount paid $Millions
Old Age Security pension	$491.93	n.a.	4,267,512	$1,976.7
Guaranteed Income Supplement
· Single	$602.91	$14,472	887,474	$365.2
Spouse/Common-law partner of
· a non-pensioner	$602.91	$34,848	74,808	$29.7
· a pensioner	$395.54	$19,008	427,907	$110.3
· an Allowance recipient	$395.54	$34,848 (note)	59,239	$19.4
Total	n.a.	n.a.	1,449,428	$524.6
The Allowance
· Regular	$887.47	$26,880	59,240	$20.4
· Survivor	$981.81	$19,632	26,761	$14.6
Total	n.a.	n.a.	86,001	$35.0

NOTE: The Allowance stops being paid at $26,880 while the GIS stops being paid at $34,848.

OAS pension repayment level in 2006 from $62,144 to $101,118.

CPP/QPP Selected Figures (2006)
	CPP	QPP
Year's Maximum Pensionable Earnings (YMPE)	$42,100.00	$42,100.00
Year's Basic Exemption	$ 3,500.00	$ 3,500.00
Employee/employer maximum contribution (4.95%)	$ 1,910.70	$ 1,910.70
Self-employed maximum contribution (9.9%)	$ 3,821.40	$ 3,821.40
Account balance (March 2006)	$97,082 M	$28,480 M
Contributions (2004 - 2005)	$28,583 M	$ 8,461 M
Number of contributors 2004	11.6 M	3.7 M
Indexation rate (January 2006)	2.3%	2.3%

Forecast Expenditures
2006 - 2007
Benefit	Expenditures Millions ($)
OAS	$24,142
GIS	$6,850
Allowance	$517
Total	$31,509
CPP	$26,132
QPP	$8,354

Produced by: Service Canada

©Minister of Public Works and Government Services, 2002
Catalogue No.: ISPB-258-10-06E