Family Allowance payment amountsvary from one family to another.Theamountis indexed each year in January and recalculated in July basedon:
- the number of dependent children under age 18 who live with thebeneficiary;
- the number of children in sharedcustody;
- the conjugal status (with or without aspouse);
- family income, that is, the combined income of both spouses, ifapplicable.
| Indexation rate for benefits as at 1January2024 | 5.08% |
| Maximum amount | |
|---|---|
| Per child | $2923 |
| Single-parent family | +$1026 |
| Minimum amount | |
| Per child | $1163 |
| Single-parent family | +$409 |
| Supplement for the Purchase of SchoolSupplies | $121 |
| Supplement for Handicapped Children | $2748 |
| Supplement for Handicapped Children Requiring ExceptionalCare | |
| Tier1 | $13896 |
| Tier2 | $9240 |
| Basic exemption | $3500 |
| Yearly maximum pensionable earnings, also called maximum pensionableearnings (MPE) | $68500 |
| Additional maximum annual pensionable earnings, also called additional maximum pensionableearnings (YAMPE) | $73200 |
Contribution rate Employers and workers each pay half of the contribution to the Plan. Self-employed workers pay both shares of the contribution, that is, the employer's share and the worker'sshare. | |
|---|---|
| On earnings between$3500 and$68500 | |
| Base plan | 10.8% |
| Additional plan | 2% |
| On earnings between$68500 and$73200 | |
| Additional plan | 8% |
| Maximum contribution for workers and employers | |
| On $65000 (earnings between$3500 and $68500[MPE]) | |
| Base plan (5.4%) | $3510 |
| Additional plan (1%) | $650 |
| On $4700 (earnings between$68500 and $73200[YAMPE]) | |
| Additional plan (4%) | $188 |
| Maximum contribution for self-employed workers | |
| On $65000 (earnings between$3500 and $68500[MPE]) | |
| Base plan(10.8%) | $7020 |
| Additional plan(2%) | $1300 |
| On $4700 (earnings between$68500 and $73200[YAMPE]) | |
| Additional plan(8%) | $376 |
| Indexation rate for benefits as at 1January2024 | 4.4% |
| Maximum amount for deathbenefit | $2500 |
| Retirement pension | |
|---|---|
| At age65 (100% of the maximumpension) | $1364.60See (Note1) |
| At age60 (64% of the maximumpension) | $873.34 |
| At age72 (158.8% of the maximumpension) | $2166.98 |
| Disability benefits | |
| Disability pension for persons aged 18 to 59 | $1606.75 |
| Disability pension for persons aged 60 to 65 | $583.29 |
| Additional amount for disability for beneficiaries of the retirement pension | $583.29 |
| Pension for a disabled contributor's child | $93.39 |
| Survivors' benefits | |
| Orphan's pension | $294.12 |
Surviving spouse's pension It is the pension calculated for contributors who were not receiving a retirementpension. | |
| Beneficiary under age 45, not disabled, without dependentchildren | $668.91 |
| Beneficiary under age 45, not disabled, with dependentchildren | $1061.12 |
| Beneficiary under age 45, disabled, with or without dependentchildren | $1102.80 |
| Beneficiary between ages 45 and64 | $1102.80 |
| Beneficiary age 65 orover | $822.14 |
- Note1 The maximum retirement pension at age65 for the base plan is$1334.58.Back to reference
| Rate of increase of the Pension Index (This rate is used according to the indexation formula for each plan.) | 4.4% |
| Maximum pensionable earnings (MPE) | $68 500 |
| Basic exemption under the QPP | $3500 |
| Plan exemption(RREGOP, PPCT) | $17125See (Note1) |
| Plan exemption(PPMP, RPSO) | $23975 |
| Reduction factor(RREGOP, PPCT) | 0.0156 |
| Contribution rate: | |
|---|---|
| RREGOP and PPCT(USee (Note2)) | 9.39% |
| PPCT(NUSee (Note3)) | 8.39% |
| RPCHCN | N/A |
| PPFEQ | 0% |
| PPFEQ(NU) | 0% |
| PPEMO | 5.26% |
| PPCJBJ | N/A |
| PPCJQ | 9% and 1% after 21.7years |
| PPMNA | 9% |
| SPMSQ | 11.50% |
| PPMP | 12.67% |
| RPSO | 12.67% |
| PPPOCS | 10.63% |
| PPPOCS(QPSee (Note4)) | 11.63%See (Note5) |
| Maximum pensionable salary: | |
| RREGOP, PPMP, TPP, CSSP, PPCTSee (Note6), PPFEQ, RPCHCN | $204475 |
| PPCJBJ | $240667 |
| PPCJQ | $259144 |
| PPMNA | $206286 |
| SPMSQ, PPEMO, RPMCM | $180500 |
| PPPOCS | $197625 |
| RPSOSee (Note7) | $212353 |
| Interest rate (from 1June2023to 31May2024) for the plan established based on rates ofreturn: | |
| RREGOP, PPCT | 4.15% |
| PPPOCS | 4.56% |
| PPMP, RPSO | 3.82% |
| Interest rate (from 1June2023 to 31May2024) administrative established based on an externalrate | 2.84% |
| Maximum annual amount of a pension granting entitlement the payment of its actuarialvalue | $2026 |
| RRSP contribution ceiling | $31560 |
| Maximum pension adjustment (PA) | $31890 |
| Maximum defined benefits | $3610 |
| Buy-back ceiling for years prior to1990 | $2406,66 |
- Note1 No contributions are payable if the salary is $23975 or less (35% of the MPE).Return to reference
- Note2 U: unionized.Return to reference
- Note3 NU: non-unionized.Return to reference
- Note4 Person eligible for the PPPOCS whose employment is covered by the RREGOP orPPMP.Return to reference
- Note5 The member contribution must correspond to the lesser of the followingamounts: [pensionable earnings – the lesser amount between (pensionable salary x25%) and (25%of the MPE x harmonized service)] x rate ofcontribution.Return to reference
- Note6 The maximum pensionable salary for years subject to a rate of 1.6% is $255594.Return to reference
- Note7 The maximum pensionable salary used to limit the benefit for years subject to a rate of2% is$180500.Return to reference
| LIF reference rate for 2024 | 6% |
| Maximum pensionable earnings (MPE)See Note1 | $68500 |
| Maximum temporary income (40% of MPE) | $27400 |
| Maximum monthly temporary income under age54 | $2283.33 |
- Note1 Used to determine income orrefunds.Back to reference
| Maximum pensionable earnings (MPE)See Note1 | $68500 |
- Note1 Used to determine benefits orrefunds.Back to reference
| As of 31December2023 | $12.25 per member orbeneficiary |
| The fee schedule lists the fees for the annual information return and to register or terminate a pensionplan. | |
| Default member contribution rate (section22 of the Regulation respecting voluntary retirement savings plans) | 4% of gross |
| Maximum pensionable earnings (MPE)See Note1 | $68500 |
- Note1 Used to determinerefunds.Back to reference
| Annual statement as at 31December2023 (section11 of the Regulation respecting voluntary retirement savingsplans | $6.00 per member |
| By31December2024 | The employer must offer a VRSP or another plan allowed under the Voluntary Retirement Savings Plan Act if it has:
|
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- Payement dates
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