Second Quarter Rates

Old Age Security Benefit Rates Unchanged

The rates for Old Age Security pension and Guaranteed Income Supplement payments remain unchanged for another quarter. The rates for the fourth quarter of 2007 and the first two quarters of 2008 are:
 

Benefit

4th Quarter 2007
1st Quarter 2008
2nd Quarter 2008

Old Age Security

$502.31

GIS - Single pensioner

$634.02

GIS - Married to Non-Pensioner

$634.02

GIS - Married to a Pensioner

$418.68

GIS - Married to a Recipient of the Allowance

$418.68

Allowance: Regular

$921.00

Allowance: Widowed

$1,020.91

Prescribed Interest Rates Remain Unchanged, Too.

Prescribed interest rates for the second quarter will remain the same as the first quarter of 2008.

2007 Quarter

2008 Quarter

Rates Applicable to:

1

2

3

4

 

1

2

3

4

Overdue Taxes

9%

9%

9%

9%

 

8% 8%

CPP/EI Premiums

9%

9%

9%

9%

 

8% 8%

Tax Overpayments

7%

7%

7%

7%

 

6% 6%

Taxable Benefits, Low or No Interest Loans

5%

5%

5%

5%

 

4% 4%