
Interest Rate Tables
Interest Rates and Prescribed Amounts
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Below are up-to-date tables of CANSIM rates related to:
- YMPE limits for commutation of small pensions, eligibility of part-time employees, and forced transfers (Table 1B);
- interest rates for defined benefit plans (Table 3); and
- commuted value interest rates; and
- current LIF factors (Table 4).
Please note: Due to changes to the Canadian Institute of Actuaries commuted values standards, Table 2A and 2B are no longer maintained.
For further information on any of these tables, please contact us.
Table 1B: Employment Pension Plans Act & Regulation - Prescribed Amounts (on or after March 1, 2000)
YEAR |
YMPE |
TABLE 1B |
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Commutation of Small Pension |
Forced Transfer |
Part-Time Eligibility |
Financial Hardship Access |
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Act 46(1) Reg 45(1) |
Act 38(7) Reg 36 |
Alberta Act 29(2)(b) |
Manitoba |
Reg 41.1 |
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Maximum Monthly Pension |
Maximum Commuted Value |
Maximum Commuted Value |
Minimum Annual Earnings |
Minimum Annual Earnings |
Low Income Threshold |
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1/12 of 4% of YMPE $ |
20% of YMPE $ |
20% of YMPE $ |
35% of YMPE $ |
25% of YMPE $ |
2/3 of YMPE $ |
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2000 |
37,600 |
125.33 |
7,520 |
7,520 |
13,160 |
9,400 |
n/a |
2001 |
38,300 |
127.67 |
7,660 |
7,660 |
13,405 |
9,575 |
n/a |
2002 |
39,100 |
130.33 |
7,820 |
7,820 |
13,685 |
9,775 |
n/a |
2003 |
39,900 |
133.00 |
7,980 |
7,980 |
13,965 |
9,975 |
26,600 |
2004 |
40,500 |
135.00 |
8,100 |
8,100 |
14,175 |
10,125 |
27,000 |
2005 |
41,100 |
137.00 |
8,220 |
8,220 |
14,385 |
10,275 |
27,400 |
2006 |
42,100 |
140.33 |
8,420 |
8,420 |
14,735 |
10,525 |
28,067 |
2007 |
43,700 |
145.67 |
8,740 |
8,740 |
15,295 |
10,925 |
29,133 |
2008 |
44,900 |
149.67 |
8,980 |
8,980 |
15,715 |
11,225 |
29,933 |
2009 |
46,300 |
154.33 |
9,260 |
9,260 |
16,205 |
11,575 |
30,867 |
For prescribed amounts prior to 2000, please see Table 1A.
Table 3: Interest Rates Applied to Employee Contributions of DEFINED BENEFIT Pension Plans, as per section 26(3) of the Alberta Employment Pension Plans Regulation
Updated November 3, 2009
TABLE 3 |
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Chartered Bank Administered 5-Year Personal Fixed Term Interest Rates CANSIM Series V122515 |
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Month |
2005 |
2006 |
2007 |
2008 |
2009 |
Jan |
2.63% |
2.53% |
2.68% |
2.88% |
1.95% |
Feb |
2.63% |
2.88% |
2.93% |
2.98% |
1.95% |
Mar |
2.73% |
2.88% |
2.73% |
2.63% |
1.95% |
Apr |
2.53% |
2.88% |
2.73% |
2.63% |
1.65% |
May |
2.53% |
3.18% |
3.13% |
2.75% |
1.65% |
June |
2.23% |
3.18% |
3.45% |
2.95% |
1.65% |
July |
2.23% |
3.18% |
3.60% |
2.95% |
1.73% |
Aug |
2.23% |
2.98% |
3.23% |
2.95% |
1.73% |
Sept |
2.23% |
2.88% |
3.23% |
2.95% |
1.73% |
Oct |
2.43% |
2.88% |
3.23% |
2.95% |
1.73% |
Nov |
2.53% |
2.78% |
2.98% |
2.83% |
|
Dec |
2.53% |
2.68% |
3.10% |
2.23% |
|
Average |
2.4% |
2.9% |
3.1% |
2.81% |
|
Table 4: Interest Rate for the Life Income Fund (LIF) Term Certain Factors, as per section 40(3)(q) of the Alberta Employment Pension Plans Regulation, and LIF Factors for the Current Fiscal Year
Updated December 18, 2008
TABLE 4 |
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Long Term (10+ Years) Marketable Government of Canada Bonds (Average Yields) CANSIM Series V122487 - November of Prior Year |
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and 6.00% after the first 15 years * when the CANSIM rate falls below 6.00%, Click here for a pdf file showing LIF withdrawal factors for 2009, |