Current Transfer Payment Benefits

4-6-1 Current Transfer Payment Benefits


PROGRAMS STATUS MONTHLY RATES
Single/widow/widower $ 1237.80
War Veterans Allowance Single/widow/widower - blind $ 1288.05
Widow/widower - one child $ 1882.79
October 31, 2007 Married $ 1882.79
- December 31, 2007 Married - blind or spouse blind $ 1932.88
Additional - each dependent child $ 214.74
Each orphan $ 643.49





Canada Pension Plan (CPP) - Payment Rates
January - December 2007

Canada Pension Plan rates are adjusted every January if there are increases in the cost of living as measured by the Consumer Price Index. The table below lists the maximum and average monthly rates for Canada Pension Plan benefits for 2007.

CPP Payment Rates

Average monthly benefit

(October 2006)


Maximum monthly benefit

- 2007
Type of benefit
Disability benefit $ 772.88 $ 1,053.77
Retirement pension (at age 65) $ 473.09 $ 863.75
Survivors benefit (under age 65) $ 347.89 $ 482.30
Survivors benefit (age 65 and over) $ 293.75 $ 518.25
Children of disabled contributors benefit $ 200.47 $ 204.68
Children of deceased contributors benefit $ 200.47 $ 204.68
Combined survivors & retirement benefit
(pension at age 65) $ 667.48 $ 863.75
Combined survivors & Disability benefit $ 911.00 $1,053.77
Death benefit (max lump sum) $2,227.82 $2,500.00


Old Age Security (OAS) Payment Rates
October - December 2007

The following chart shows the maximum and average monthly rates for Old Age Security (OAS), Guaranteed Income Supplement and the Allowance, as well as the maximum annual income to be eligible for these benefits.

For detailed monthly rates, please refer to the Tables of Rates for Old Age Security, Guaranteed Income Supplement and the Allowance.


Old Age Security benefit rates are reviewed in January, April, July and October to reflect increases in the cost of living as measured by the Consumer Price Index.

The term "spouse" includes a common-law partner.

Pensioners are not eligible for benefits if their income, or the combined income of them and their spouse, is more than the maximum income shown on the chart.

The Allowance stops being paid at $28,176 while the GIS stops being paid at $36,528.

Old Age Security Benefit Payment Rates
October - December 2007



Type of monthly benefit

Recipient
Maximum Monthly
(July 2007)


Average
Maximum Benefit
Annual Income Benefit

Old Age Security Pension
All recipients..................... $472.12 $502.31 See note
Guaranteed Income Supplement Single person...................... $429.32 $634.02 $15,240
Spouse of pensioner............ $267.07 $418.69 $20,112
Spouse of non-pensioner.... $415.89 $634.02 $36,528
Spouse of Allowance recipient.... $348.58 $418.69 $36,528

Allowance All recipients........................ $363.07 $921.00 $28,176

Allowance for the survivor All recipients..................... $555.63 $1,020.91 $20,520



Note - Pensioners with an individual net income above $63,511 must repay part or
all of the maximum Old Age Security pension amount. The repayment
amounts are normally deducted from their monthly payments before they
are issued. The full OAS pension is eliminated when a pensioner's net income
is $103,191 or above.