Ralph Moss Limited

Canadian Government Benefits Facts

1995 to 1997 Canada Pension Plan

The following information is for reference only and should not be used without checking its accuracy with Human Resources Canada. @ 1-800-276-7655.

The following table summarizes the Canada Pension Plan (C.P.P.) changes for 1995 to 1997.

CANADA PENSION PLAN & QUEBEC PENSION PLAN - 1995 - 1997
  1995 1996 1997
Yearly Maximum Annual Pensionable Earnings (Y.M.P.E.) $34,900.00 $35,400.00 $35,8000.00
Yearly Basic Exemption $3,400.00 $3,500.00 $3,500.00
Contribution Rate
Employer $2.70 $2.80 $2.925
Employee $2.70 $2.70 $2.925
Maximum Monthly Disability Benefit
Contributor
Canada Pension Plan (C.P.P.) $854.74 $870.92 $883.10
Quebec Pension Plan (Q.P.P.) $853.15 $870.89 $883.07
Each Child
Canada Pension Plan (C.P.P.) $161.27 $164.17 $166.63
Quebec Pension Plan (Q.P.P.) $50.95 $52.12 $52.90
Maximum Monthly Retirement Benefit (@ age 65) $713.19 $727.08 $736.81
Death Benefit (Lump Sum) $3,490.00 $3,540.00 $3,580.00
Maximum Monthly Survivor Benefit
C.P.P.
Under age 65 $392.24 $399.70 $405.25
Age 65 and over $427.91 $436.25 $442.09
Q.P.P.
Under age 55 $585.71 $598.24 $606.76
Age 55 to 64 $667.04 $672.25 $675.89
Age 65 and over $427.91 $436.25 $442.09
Cost Of Living Increase:
C.P.P./Q.P.P. benefits payable at the end of December 1996 will be increased by 1.5% in January 1997. Q.P.P. benefits increased by 2.3%

The preceding information is for reference only and should not be used without checking its accuracy with Hunam Resources Canada. @ 1-800-276-7655.

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Last Update:January 16, 1997
© Copyright 1996, 1997 Ralph Moss Limited