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A. PENSIONS
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1. OLD AGE SECURITY BENEFIT
(adjusted quarterly) |
(Monthly, January 2002) |
$442.66 |
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2. CANADA/QUEBEC PENSION PLAN (2002)
(adjusted annually) |
Maximum Monthly Retirement Benefit at age 65
(Reduction of 6% per year for retirement 60-64,
Increase of 6% per year for retirement 65-70) |
$788.75 |
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Maximum Monthly Disability Benefit |
$956.05 |
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Maximum Monthly Survivor Benefit
|
CPP |
QPP |
| Under 65 |
$437.99 |
$389.13 - $695.37
(Varies with age, disability,
dependants) |
| 65 & Over |
473.25 |
473.25 |
|
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Maximum Monthly Orphan/Dependent Child Benefits
|
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PREMIUMS:
Contribution Rate:
Employer: 4.7% Employee: 4.7% |
|
|
Yearly Maximum Pensionable Earnings: |
$39,100 |
|
Yearly Basic Exemption: |
$3,500 |
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Maximum Premium (employer or employee): |
$1,673.20 |
|
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3. GUARANTEED INCOME SUPPLEMENT
(adjusted quarterly) |
Maximum Monthly (January 20012) Single:
Maximum Monthly (January 2002) Couple:
Maximum Monthly Spouse's Allowance: |
$526.08
$685.34
$867.02 |
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| 4. REGISTERED RETIREMENT SAVINGS PLANS: |
Contribution Limits
18% of Income (to maximum of $13,500) less Pension Adjustments for benefits from Registered Pension Plans. Based on 2001 earnings and pension benefits. |
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B. EMPLOYMENT INSURANCE
|
|
Maximum Insurable Earnings:
|
$39,000 annual |
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| Contribution Rate: |
$2.20 per $100 (Employee)
$3.08 per $100 (Employer) |
|
| Maximum Premiums: |
Employee $858.00 (annual)
Employer $1,201.00 (annual) |
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| Maximum Weekly Benefit: |
$413.00 |
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C. MEDICARE PREMIUMS (monthly)
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| Alberta: |
$34 single
$68 family |
| B.C.: |
$36 single
$64 family of 2
$72 family of 3+ |
| Manitoba: |
Tax of 2.25% of remuneration |
| Ontario: |
Tax of 1.95% - 1.95% of gross wages |
| Québec: |
Tax of 2.7 - 4.26% of payroll |
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