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LifeWare Retirement Planning Library
This page lists all of the current benefits amounts and coefficients. To return to the main library page use the Library link at the top of this page.
Canada Pension Plan
Old Age Security
Guaranteed Income Supplement
Allowance
Employment Insurance Contributions
Employment Insurance Benefits

Canada Pension Plan

Canada Pension Plan contributions and benefits for 2009

Yearly Maximum Pensionable Earnings (YMPE)

46,300.00

Yearly Basic Exemption

3,500.00

Contribution Rate

 

Employer

4.95%

Employee

4.95%

Self-Employed

9.90%

Maximum Annual Contributions

 

Employer

2,118.60

Employee

2,118.60

Self-Employed

4,237.20

Retirement Benefits (per month)

 

Maximum Pension at Age 65

908.75

Death Benefits

 

Lump Sum

2,500.00

Survivor's Benefit

 

Maximum under age 65 (per month)

506.38

Maximum over age 65 (per month)

545.25

Orphan (per child per month)

213.99

Disability Benefits (per month)

 

Contributor (maximum)

1,105.99

Child (per child)

213.99

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Old Age Security

Federal Government Old Age Security pension monthly benefits for 2009

All Recipients

 

Maximum Monthly Benefit

516.96

Maximum Annual Income

6,203.52

Net Income Threshold Above Which 15% Repayment Applies

66,335.00

Net Income Above Which No OAS is Payable

107,692.00

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Guaranteed Income Supplement

Guaranteed Income Supplement benefits for 2009

Single person

 

Maximum Monthly Benefit

652.51

Maximum Annual Income

15,672.00

Spouse of Pensioner

 

Maximum Monthly Benefit

430.90

Maximum Annual Income

20,688.00

Spouse of Non-Pensioner

 

Maximum Monthly Benefit

652.51

Maximum Annual Income

37,584.00

Spouse of Allowance Recipient

 

Maximum Monthly Benefit

430.90

Maximum Annual Income

37,584.00

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Allowance

Federal Government Allowance monthly benefits for 2009

All Recipients

 

Maximum Monthly Benefit

947.97

Maximum Annual Income

28,992.00

Allowance for the Survivor

 

Maximum Monthly Benefit

1050.68

Maximum Annual Income

21,120.00

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Employment Insurance Contributions

Federal Employment Insurance contributions for 2009

Required Employee Contributions

 

As a Percentage of Insurable Earnings

1.73%

Maximum Annual Employee Contributions

731.79

Required Employer Contributions

 

As a multiple of Employee Contributions

1.40

As a Percentage of Insurable Earnings

2.0%

Maximum Annual Employer Contributions

1,024.51

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Employment Insurance Benefits

Federal Employment Insurance benefits for 2009

Maximum Yearly Insurable Earnings

42,300.00

Weekly Benefits

 

Percentage of Average Insured Earnings

55%

Maximum Weekly Benefit

413.00

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