49674_Canada Pension Plan 12/19/05 2:21 PM Page 1

Old Age Security

Canada Pension Plan

CANADA PENSION PLAN and QUEBEC PENSION PLAN

New benefits Number of benefits Amounts paid
Type of benefit Maximum rate (2006) (October 2005) (October 2005)
CPP QPP CPP QPP CPP QPP
$ $ # # $M $M
Retirement (at age 65) 844.58 844.58 3,173,063 1,133,547 1,470.1 433.1
Disability 1,031.05 1,031.02 296,518 65,044 223.7 51.3
Survivors • - 65 471.85 (**) 233,478 83,141 79.4 46.8
• 65 + 506.75 506.75 729,848 247,119 202.1 67.4
Total 963,326 330,260 281.5 114.2
Children of disabled contributor 200.47 63.65 79,903 7,925 15.7 0.6
Children of deceased contributor 200.47 63.65 72,597 18,990 14.2 1.2
Death (max. lump sum) 2,500.00 2,500.00 9,461 2,745 20.9 6.8
TOTAL 4,594,868 1,558,511 2,026.1 607.2
Combined benefits
• Surv./Rtr. (rtr at age 65) 844.58 844.58 581,646 n.a. 375.4 n.a.
• Surv./Dis. 1,031.05 n.a. 12,938 n.a. 11.5 n.a.
Total 594,584 177,075 386.9 99.3

DISABILITY AND SURVIVOR RATES

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
Source: Social Development Sectors, Social Development Canada

- 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 last five years
Disability: (retirement x 0.75) + flat rate ($397.61)
Survivors: • under 65: (retirement x 0.375) + flat rate ($155.13)
• 65 or over: (retirement x 0.60)

For more information about Old Age Security or the Canada Pension Plan, contact us at:

1 800 277-9914 Effective: January 2006

1 800 255-4786 (TTY)

www.sdc.gc.ca

Social Development Développement social

Canada Canada ISPB-258-01-06E
49674_Old Age Security 12/19/05 2:22 PM Page 1

Old Age Security

Canada Pension Plan

OLD AGE SECURITY

January to March 2006 October 2005
Type of benefit Maximum Income level Number of Amount
rate cut-off benefits paid
$ $ # $M
Old Age Security pension 484.63 n.a. 4,193,190 1,914.9
Guaranteed Income Supplement
• Single 593.97 14,256 933,028 363.2
• Spouse/Common-law partner of
• a non-pensioner 593.97 34,368 80,524 31.2
• a pensioner 389.67 18,720 447,670 107.1
• an Allowance recipient 389.67 34,368* 62,388 19.7
Total 1,523,610 521.2
The Allowance
• Regular 874.30 26,496 62,382 20.8
• Survivor 967.24 19,368 29,823 15.7
Total 92,205 36.5

* The Allowance stops being paid at $26,496 while the GIS stops being paid at $34,368
OAS pension repayment level in 2006 from $62,144 to $100,914

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 (September 2005) $ 89,263 M $ 26,070 M
Contributions (2004-2005) $ 33,136 M $ 8,461 M
Source: Social Development Sectors, Social Development Canada

Number of contributors 2003 11.4 M 3.6 M

Indexation rate (January 2006) 2.3 % 2.3 %

FORECAST EXPENDITURES 2005-2006

(Expenditures millions $)
OAS GIS ALLOWANCE TOTAL CPP QPP
23,044 6,221 451 29,716 24,868 7,968

For more information about Old Age Security or the Canada Pension Plan, contact us at:

1 800 277-9914 Effective: January 2006

1 800 255-4786 (TTY)

www.sdc.gc.ca

Social Development Développement social

Canada Canada ISPB-258-01-06E