Rates at a glance

Submitted by diane on Sun, 09/12/2010 - 12:53

Contributions

Current contribution rates

11.1% of earnings up to $50,100, plus
12.9% of earnings in excess of $50,100

For members who do not contribute to the Canada Pension Plan in any full calendar year, the employer deducts member contributions at the rate of 12.9% of all the member's pensionable earnings.

Contribution and CPP charts

 

YEAR    
YMPE
     LOW RATE (up to YMPE)  
Total up to YMPE (11.1% x $50,100)
              
2012     50,100     11.1%   5,561.10               

 

YEAR
YBE
YMPE
YMPE-YBE
12.1% YBE
10.3%
YMPE-YBE
TOTAL UP TO YMPE
(10.3% +12.1%)
2011 3,500 48,300 44,800 423.50 4,614,40 5,037,90
2010
3,500
47,200
43,700
423.50
4,501.10
4,924.60
YEAR
YBE
YMPE
YMPE-YBE
11.1% YBE
9.3%
YMPE-YBE
TOTAL UP TO YMPE
(9.3% +11.1%)
2009
3,500
46,300
42,800
388.50
3,980.40
4,368.90
YEAR
YBE
YMPE
YMPE-YBE
10.1% YBE
8.3%
YMPE-YBE
TOTAL UP TO YMPE
(8.3% +10.1%)
2008
3,500
44,900
41,400
353.50
3,436.20
3,789.70
YEAR
YBE
YMPE
YMPE-YBE
9.1% YBE
7.3%
YMPE-YBE
TOTAL UP TO YMPE
(7.3% + 9.1%)
2004
3,500
40,500
37,000
318.50
2,701.00
3,019.50
2005
3,500
41,100
37,600
318.50
2,744.80
3,063.30
2006
3,500
42,100
38,600
318.50
2,817.80
3,136.30
2007
3,500
43,700
40,200
318.50
2,934.60
3,253.10

YBE - Year's Basic Exemption (as defined in the Canada Pension Plan)

YMPE - Year's Maximum Pensionable Earnings (as defined in the Canada Pension Plan)

 

Contribution and CPP charts 1966 - 2003

YEAR
YBE
YMPE
YMPE-YBE
6% YBE
4.2%
YMPE-YBE
TOTAL UP TO YMPE
(4.2% + 6%)
1966
600
5,000
4,400
36
184.80
220.80
1967
600
5,000
4,400
36
184.80
220.80
1968
600
5,100
4,500
36
189.00
225.00
1969
600
5,200
4,600
36
193.20
229.20
1970
600
5,300
4,700
36
197.40
233.40
1971
600
5,400
4,800
36
201.60
237.60
1972
600
5,500
4,900
36
205.80
241.80
1973
600
5,600
5,000
36
210.00
246.00
1974
700
6,600
5,900
42
247.80
289.80
1975
700
7,400
6,700
42
281.40
323.40
1976
800
8,300
7,500
48
315.00
363.00
1977
900
9,300
8,400
54
352.80
406.80
1978
1,000
10,400
9,400
60
394.80
454.80
1979
1,100
11,700
10,600
66
445.20
511.20
1980
1,300
13,100
11,800
78
495.60
573.60
1981
1,400
14,700
13,300
84
558.60
642.60
1982
1,600
16,500
14,900
96
625.80
721.80
1983
1,800
18,500
16,700
108
701.40
809.40
1984
2,000
20,800
18,800
120
789.60
909.60
1985
2,300
23,400
21,100
138
886.20
1,024.20
1986
2,500
25,800
23,300
150
978.60
1,128.60
1987
2,500
25,900
23,400
150
982.80
1,132.80
1988
2,600
26,500
23,900
156
1,003.80
1,159.80
1989
2,700
27,700
25,000
162
1,050.00
1,212.00
1990
2,800
28,900
26,100
168
1,096.20
1,264.20
1991
3,000
30,500
27,500
180
1,155.00
1,335.00
1992
3,200
32,200
29,000
*192
*1,218.00
1,410.00

 

YEAR
YBE
YMPE
YMPE-YBE
7.6% YBE
5.8%
YMPE-YBE
TOTAL UP TO YMPE
(5.8% + 7.6%)
1993
3,300
33,400
30,100
250.80
1,745.80
1,996.60
1994
3,400
34,400
31,000
258.40
1,798.00
2,056.40
1995
3,400
34,900
31,500
258.40
1,827.00
2,085.40
1996
3,500
35,400
31,900
266.00
1,850.20
2,116.20
1997
3,500
35,800
32,300
266.00
1,873.40
2,139.40
1998
3,500
36,900
33,400
266.00
1,937.20
2,203.20
1999
3,500
37,400
33,900
266.00
1,966.20
2,232.20
2000
3,500
37,600
34,100
266.00
1,977.80
2,243.80
2001
3,500
38,300
34,800
266.00
2,018.40
2,284.40
2002
3,500
39,100
35,600
266.00
2,064.80
2,330.80
2003
3,500
39,900
36,400
266.00
2,111.20
2,377.20

 

*Figures do not take into account change in contribution rates effective July 1, 1992.

YBE - Year's Basic Exemption (as defined in the Canada Pension Plan)

YMPE - Year's Maximum Pensionable Earnings (as defined in the Canada Pension Plan)

 

Interest Rates on member contributions

The actual interest rates that were used for determining the interest credited to Member contributions in accordance with the CAAT Pension Plan.

Year up to
% Rate
2012 1.71
2011 1.84
2010
 1.76
2009
2.85
2008
4.25
2007
4.00
2006
3.00
2005
2.72
2004
2.99
2003
3.78
2002
3.90
2001
5.85
2000
5.40
1999
4.25
1998
4.56
1997
5.33
1996
6.70
1995
6.79
1994
5.29
1993
7.00
1992
8.50
1991
11.75
1990
11.50
1989
10.50
1988
10.0
1987
7.17
1986
7.40
1985
9.06
1984
5.00
1983
5.00
1982
5.00
1981
5.00
1980
5.00
1979
5.00
1978
5.00
1977
3.00

Inflation protection increases

Inflation protection after 1991

Year
 % Increase
1992
4.0
1993
1.26 plus an additional 1.4% due to banking from 1992 for people who got full 1992 increase
1994
1.71
1995
0.2
1996
2.3

 

Inflation protection Increases for Post 1991 Service (and Pre 1992 Service after 1996)

Year
% Increase

1993
0.9
1994
1.28
1995
0.15
1996
1.7
1997
1.1
1998
1.2
1999
0.56
2000
1.94
2001
2.02
2002
1.97
2003
1.73
2004
1.62
2005
1.34
2006
2.52
2007
0.52
2008

1.85
2009

2.55
2010
0.40
2011 1.05
2012 2.14

 

Inflation protection before 1992

Payment date Description
Jan 1, 1973 Retired in 1971-2%
Retired in 1970-4%
Retired in 1969-6%
Retired in 1968-8%
Jan 1, 1974 Dec 31,1972 Pensions 8%
plus 1973 Pensions 4%
Jan 1, 1975 Dec 31,1973 Pensions 8%
plus Pro Rated for 1974
Jan 1, 1977 Dec 31,1975 Pensions 4%
plus Pro Rated for 1976
Jan 1, 1978 Dec 31,1976 Pensions 4%
plus Pro Rated for 1977
Jan 1, 1979 Dec 31,1977 Pensions 4%
plus Pro Rated for 1978
Jan 1, 1980 Dec 31,1978 Pensions 4%
plus Pro Rated for 1979
Jan 1, 1981 Dec 31,1979 Pensions 4%
plus Pro Rated for 1980
Jan 1, 1982 Dec 31,1980 Pensions 4%
plus Pro Rated for 1981

Jan 1, 1983

 Dec 31,1981 Pensions 4%
plus Pro Rated for 1982
Jan 1, 1984 Dec 31,1982 Pensions 4%
plus Pro Rated for 1983
Jan 1, 1985 Dec 31,1983 Pensions 4%
plus Pro Rated for 1984
Jan 1, 1986 Dec 31,1984 Pensions 4%
plus Pro Rated for 1985
Jan 1, 1987 Dec 31,1985 Pensions 4%
plus Pro Rated for 1986
Jan 1, 1988 Dec 31,1986 Pensions 4%
plus Pro Rated for 1987
Jan 1, 1989 Dec 31,1987 Pensions 4%
plus Pro Rated for 1988
Jan 1, 1989 Lump Sum Adjustment 2%
July 1, 1990 Dec 31,1988 Pensions 4%
plus Pro Rated for 1989
July 1, 1991 Dec 31, 1989 Pensions 4%
plus Pro Rated for 1990

Government of Canada Rates

2012 YMPE

For the year 2012, the Year's Maximum Pensionable Earnings (YMPE) for Canada Pension Plan contributions is $50,100.

2012 Pension Adjustment Information

Maximum Pension Adjustment (PA): $23,220 (based on formula of (9 X BE) - $600.00 )
Maximum benefit entitlement (BE):  $2,646.67
Excluded earnings   Nil

 

YMPE Rates
Year YMPE
2012 50,100
2011 48,300
2010 47,200
2009 46,300
2008 44,900
2007 43,700
2006 42,100 
2005 41,100
2004 40,500
2003 39,900
2002 39,100
2001 38,300
2000 37,600
1999 37,400
1998 36,900
1997 35,800
1996 35,400
1995 34,900
1994 34,400
1993 33,400
1992 32,200
1991 30,500
1990 28,900
1989 27,700
1988 26,500
1987 25,900
1986 25,800
1985 23,400
1984 20,800
1983 18,500
1982 16,500
1981 14,700
1980 13,100
1979 11,700
1978 10,400
1977 9,300
1976 8,300
1975 7,400
1974 6,600
1973 5,600
1972 5,500
1971 5,400
1970 5,300
1969 5,200
1968 5,100
1967 5,000
1966 5,000

CRA maximum accrual

YEAR Max
2012 2,646.67
2011 2,552.22
2010 2,494
2009 2,444.44
2008 2,333.33
2007 2,222.22
2006 2,111.11
2005 2,000
2004 1,833.33
2003 1,722.22