Income Chart

     As your income increases, so to should your disability coverage. The amount of disability coverage you should carry is determined by your annual earned income from the previous year (with the exception of new graduates in specific occupations).

Look up your annual net earned income in the left hand column and follow it across to the monthly non-taxable limit. If you are below this amount, contact our office for a review.

Note that net earned income includes salary, wages, commissions and fees. Self-employed may include income of spouse or minor children under the age of 18, if the income would cease if the applicant became disabled and the spouse/child does not work in the business more than 20 hours per week.

Below is a sample of an income chart. These limits vary slightly from company to company.

 

Actual Net Earned Income

Monthly Non-Taxable Limit

Actual Net Earned Income

Monthly Non-Taxable Limit

$12,000 to $12,999 $875 $420,000 to $429,999 $14,175
  13,000 to   13,999 $950   430,000 to   439,999 $14,425
  14,000 to   14,999 $1000   440,000 to   449,999 $14,650
  15,000 to   15,999 $1,050   450,000 to   459,999 $14,900
  16,000 to   17,999 $1,125   460,000 to   469,999 $15,150
  18,000 to   19,999 $1,225   470,000 to   479,999 $15,400
  20,000 to   21,999 $1,325   480,000 to   489,999 $15,625
  22,000 to   23,999 $1,450   490,000 to   499,999 $15,850
  24,000 to   25,999 $1,575   500,000 to   509,999 $16.050
  26,000 to   27,999 $1,675   510,000 to   519,999 $16.325
  28,000 to   29,999 $1,800   520,000 to   529,999 $16.575
  30,000 to   32,999 $1,900   530,000 to   539,999 $16.825
  33,000 to   35,999 $2,075   540,000 to   549,999 $14.075
  36,000 to   37,999 $2,250   550,000 to   559,999 $17,325
  38,000 to   39,999 $2,375   560,000 to   569,999 $17,575
  40,000 to   43,999 $2,500   570,000 to   579,999 $17,800
  44,000 to   47,999 $2,700   580,000 to   589,999 $18,050
  48,000 to   51,999 $2,900   590,000 to   599,999 $18,275
  52,000 to   55,999 $3,075   600,000 to   609,999 $18,525
  56,000 to   59,999 $3,275   610,000 to   619,999 $18,750
  60,000 to   64,999 $3,475   620,000 to   629,999 $19,000
  65,000 to   69,999 $3,725   630,000 to   639,999 $19,250
  70,000 to   74,999 $3,950   640,000 to   649,999 $19,475
  75,000 to   79,999 $4,175   650,000 to   659,999 $19,700
  80,000 to   89,999 $4,400   660,000 to   669,999 $19,950
  90,000 to   99,999 $4,825   670,000 to   679,999 $20,175
  100,000 to   109,999 $5,200   680,000 to   689,999 $20,400
  110,000 to   119,999 $5,550   690,000 to   699,999 $20,625
  120,000 to   129,999 $5,925   700,000 to   709,999 $20,875
  130,000 to   139,999 $6,300   710,000 to   719,999 $21,100
  140,000 to   149,999 $6,625   720,000 to   729,999 $21,300
  150,000 to   159,999 $6,975   730,000 to   739,999 $21,525
  160,000 to   169,999 $7,300   740,000 to   749,999 $21,750
  170,000 to   179,999 $7,600   750,000 to   759,999 $21.975
  180,000 to   189,999 $7,925   760,000 to   769,999 $22.225
  190,000 to   199,999 $8,250   770,000 to   779,999 $22.450
  200,000 to   209,999 $8,550   780,000 to   789,999 $22,650
  210,000 to   219,999 $8,825   790,000 to   799,999 $22.875
  220,000 to   229,999 $9,125   800,000 to   809,999 $23,075
  230,000 to   239,999 $9,425   810,000 to   819,999 $23,300
  240,000 to   249,999 $9,700   820,000 to   829,999 $23.525
  250,000 to   259,999 $10,000   830,000 to   839,999 $23,700
  260,000 to   269,999 $10,275   840,000 to   849,999 $23,925
  270,000 to   279,999 $10,550   850,000 to   859,999 $24,100
  280,000 to   289,999 $10,825   860,000 to   869,999 $24,325
  290,000 to   299,999 $11,075   870,000 to   879,999 $24,550
  300,000 to   309,999 $11,350   880,000 to   889,999 $24,750
  310,000 to   319,999 $11,600   890,000 to   899,999 $24,975
  320,000 to   329,999 $11,875   900,000 to   909,999 $25,150
  330,000 to   339,999 $12.100   910,000 to   919,999 $25,375
  340,000 to   349,999 $12,325   920,000 to   929,999 $25,575
  350,000 to   359,999 $12,575   930,000 to   939,999 $25,750
  360,000 to   369,999 $12,825   940,000 to   949,999 $25,950
  370,000 to   379,999 $13,025   950,000 to   959,999 $26,150
  380,000 to   389,999 $13,250   960,000 to   969,999 $26,350
  390,000 to   399,999 $13,450   970,000 to   979,999 $26,550
  400,000 to   409,999 $13,675   980,000 to   989,999 $26,725
  410,000 to   419,999 $13,925   990,000 to   999,999 $26,925
            1,000,000 plus    $27,100 +

RBC Insurance Revised 05/14

The following indemnities are available without income justification for certain professionals.


 

Medical Physicians

Specialty - Graduation Year/First Year of Private Practice     Up To $10,000
Non-Specialty - Graduation Year/First Year of Private Practice   Up To $6,500
Fellowship Training   Up To $8,000
Residency   $4,000
Final Year Medical School   $4,000
Year Three Medical School   $2,500**
Year One and Two Medical School   $1,500

Optometrists

Graduation Year/First Year of Private Practice     $4,000
Year Three     $2,500

Dentists

Podiatrists     Upon Request
Lawyers, Notaries (Quebec)   Upon Request
Chartered Accountants   Upon Request
Pharmacists   Upon Request
Architects   Upon Request
Psychologists (PhD)   Upon Request
Chiropractors   Upon Request
Veterinarians   Upon Request
Actuaries, ASA, FSA   Upon Request
Professional Engineers   Upon Request

Notes

For Medical Physicians, coverage amounts are carrier dependent.
**Calgary and McMaster - due to 3 Year Program, able to apply for higher limits
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