2024 Benefit amounts and key data
Family Allowance payment amounts vary from one family to another. The amount is indexed each year in January and recalculated in July based on:
- the number of dependent children under age 18 who live with the beneficiary;
- the number of children in shared custody;
- the conjugal status (with or without a spouse);
- family income, that is, the combined income of both spouses, if applicable.
| Indexation rate for benefits as at 1 January 2024 | 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 School Supplies | $121 |
| Supplement for Handicapped Children | $2748 |
| Supplement for Handicapped Children Requiring Exceptional Care | |
| Tier 1 | $13 896 |
| Tier 2 | $9240 |
| Basic exemption | $3500 |
| Yearly maximum pensionable earnings, also called maximum pensionable earnings (MPE) | $68 500 |
| Additional maximum annual pensionable earnings, also called additional maximum pensionable earnings (YAMPE) | $73 200 |
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's share. | |
|---|---|
| On earnings between $3500 and $68 500 | |
| Base plan | 10.8% |
| Additional plan | 2% |
| On earnings between $68 500 and $73 200 | |
| Additional plan | 8% |
| Maximum contribution for workers and employers | |
| On $65 000 (earnings between $3500 and $68 500 [MPE]) | |
| Base plan (5.4%) | $3510 |
| Additional plan (1%) | $650 |
| On $4700 (earnings between $68 500 and $73 200 [YAMPE]) | |
| Additional plan (4%) | $188 |
| Maximum contribution for self-employed workers | |
| On $65 000 (earnings between $3500 and $68 500 [MPE]) | |
| Base plan (10.8%) | $7020 |
| Additional plan (2%) | $1300 |
| On $4700 (earnings between $68 500 and $73 200 [YAMPE]) | |
| Additional plan (8%) | $376 |
| Indexation rate for benefits as at 1 January 2024 | 4.4% |
| Maximum amount for death benefit | $2500 |
| Retirement pension | |
|---|---|
| At age 65 (100% of the maximum pension) | $1364.60 See (Note 1) |
| At age 60 (64% of the maximum pension) | $873.34 |
| At age 72 (158.8% of the maximum pension) | $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 retirement pension. | |
| Beneficiary under age 45, not disabled, without dependent children | $668.91 |
| Beneficiary under age 45, not disabled, with dependent children | $1061.12 |
| Beneficiary under age 45, disabled, with or without dependent children | $1102.80 |
| Beneficiary between ages 45 and 64 | $1102.80 |
| Beneficiary age 65 or over | $822.14 |
- Note 1 The maximum retirement pension at age 65 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) | $17 125 See (Note 1) |
| Plan exemption (PPMP, RPSO) | $23 975 |
| Reduction factor (RREGOP, PPCT) | 0.0156 |
| Contribution rate: | |
|---|---|
| RREGOP and PPCT (U See (Note 2)) | 9.39% |
| PPCT (NU See (Note 3)) | 8.39% |
| RPCHCN | N/A |
| PPFEQ | 0% |
| PPFEQ(NU) | 0% |
| PPEMO | 5.26% |
| PPCJBJ | N/A |
| PPCJQ | 9% and 1% after 21.7 years |
| PPMNA | 9% |
| SPMSQ | 11.50% |
| PPMP | 12.67% |
| RPSO | 12.67% |
| PPPOCS | 10.63% |
| PPPOCS(QP See (Note 4)) | 11.63% See (Note 5) |
| Maximum pensionable salary: | |
| RREGOP, PPMP, TPP, CSSP, PPCT See (Note 6), PPFEQ, RPCHCN | $204 475 |
| PPCJBJ | $240 667 |
| PPCJQ | $259 144 |
| PPMNA | $206 286 |
| SPMSQ, PPEMO, RPMCM | $180 500 |
| PPPOCS | $197 625 |
| RPSO See (Note 7) | $212 353 |
| Interest rate (from 1 June 2023 to 31 May 2024) for the plan established based on rates of return: | |
| RREGOP, PPCT | 4.15% |
| PPPOCS | 4.56% |
| PPMP, RPSO | 3.82% |
| Interest rate (from 1 June 2023 to 31 May 2024) administrative established based on an external rate | 2.84% |
| Maximum annual amount of a pension granting entitlement the payment of its actuarial value | $2026 |
| RRSP contribution ceiling | $31 560 |
| Maximum pension adjustment (PA) | $31 890 |
| Maximum defined benefits | $3610 |
| Buy-back ceiling for years prior to 1990 | $2406,66 |
- Note 1 No contributions are payable if the salary is $23 975 or less (35% of the MPE). Return to reference
- Note 2 U : unionized. Return to reference
- Note 3 NU : non-unionized. Return to reference
- Note 4 Person eligible for the PPPOCS whose employment is covered by the RREGOP or PPMP. Return to reference
- Note 5 The member contribution must correspond to the lesser of the following amounts: [pensionable earnings – the lesser amount between (pensionable salary x 25%) and (25% of the MPE x harmonized service)] x rate of contribution. Return to reference
- Note 6 The maximum pensionable salary for years subject to a rate of 1.6% is $255 594. Return to reference
- Note 7 The maximum pensionable salary used to limit the benefit for years subject to a rate of 2% is $180 500. Return to reference
| LIF reference rate for 2024 | 6% |
| Maximum pensionable earnings (MPE) See Note 1 | $68 500 |
| Maximum temporary income (40% of MPE) | $27 400 |
| Maximum monthly temporary income under age 54 | $2283.33 |
- Note 1 Used to determine income or refunds.Back to reference
| Maximum pensionable earnings (MPE) See Note 1 | $68 500 |
- Note 1 Used to determine benefits or refunds. Back to reference
| As of 31 December 2023 | $12.25 per member or beneficiary |
| The fee schedule lists the fees for the annual information return and to register or terminate a pension plan. | |
| Default member contribution rate (section 22 of the Regulation respecting voluntary retirement savings plans ) | 4% of gross |
| Maximum pensionable earnings (MPE)See Note 1 | $68 500 |
- Note 1 Used to determine refunds.Back to reference
| Annual statement as at 31 December 2023 (section 11 of the Regulation respecting voluntary retirement savings plans | $6.00 per member |
| By 31 December 2024 | The employer must offer a VRSP or another plan allowed under the Voluntary Retirement Savings Plan Act if it has:
|