Archived - Backgrounder on Canada Pension Plan (CPP) Enhancement
Share and Number of Families Near Retirement Who May Not Be Saving Enough to Replace 60 per cent of Their After-Tax Income, by Income Quintiles
| Share % | Number of families | |
| Bottom 20% |
10 | Representing 90,000 families |
| Second |
25 | Representing 233,000 families |
| Third |
31 | Representing 283,000 families |
| Fourth |
28 | Representing 261,000 families |
| Top 20% | 25 | Representing 232,000 families |
| All families | 24 | Representing 1.1 million families |
Share of Lower-Income Families (%) Near Retirement Who May Not Be Saving Enough, by Income Replacement Rate Target Scenario
| Share of Lower-Income Families (%) | |
| Baseline scenario: 60% income replacement | 10 |
|---|---|
| Scenario 2: 70% replacement | 24 |
Expected Age at Death for Those Aged 65, 1961 to 2071
| Year | Males | Females |
|---|---|---|
| 1961 | 78.9 | 82.8 |
| 1962 | 79.0 | 83.0 |
| 1963 | 79.1 | 83.1 |
| 1964 | 79.1 | 83.3 |
| 1965 | 78.8 | 83.2 |
| 1966 | 78.8 | 83.2 |
| 1967 | 79.2 | 83.6 |
| 1968 | 79.1 | 83.6 |
| 1969 | 79.3 | 83.7 |
| 1970 | 79.2 | 83.8 |
| 1971 | 79.4 | 83.8 |
| 1972 | 79.5 | 84.0 |
| 1973 | 79.4 | 84.0 |
| 1974 | 79.6 | 84.1 |
| 1975 | 79.6 | 84.2 |
| 1976 | 79.8 | 84.3 |
| 1977 | 79.9 | 84.4 |
| 1978 | 80.0 | 84.5 |
| 1979 | 80.1 | 84.6 |
| 1980 | 80.3 | 84.6 |
| 1981 | 80.5 | 84.9 |
| 1982 | 80.6 | 85.0 |
| 1983 | 80.8 | 85.2 |
| 1984 | 81.1 | 85.5 |
| 1985 | 81.0 | 85.2 |
| 1986 | 81.3 | 85.5 |
| 1987 | 81.4 | 85.6 |
| 1988 | 81.8 | 85.8 |
| 1989 | 81.9 | 85.9 |
| 1990 | 82.1 | 86.0 |
| 1991 | 82.2 | 86.1 |
| 1992 | 82.5 | 86.3 |
| 1993 | 82.6 | 86.3 |
| 1994 | 82.9 | 86.5 |
| 1995 | 83.0 | 86.6 |
| 1996 | 83.3 | 86.7 |
| 1997 | 83.4 | 86.9 |
| 1998 | 83.7 | 86.9 |
| 1999 | 83.9 | 87.1 |
| 2000 | 84.1 | 87.2 |
| 2001 | 84.2 | 87.3 |
| 2002 | 84.5 | 87.4 |
| 2003 | 84.6 | 87.5 |
| 2004 | 84.8 | 87.6 |
| 2005 | 84.9 | 87.7 |
| 2006 | 85.1 | 87.8 |
| 2007 | 85.2 | 87.9 |
| 2008 | 85.3 | 88.0 |
| 2009 | 85.5 | 88.1 |
| 2010 | 85.6 | 88.1 |
| 2011 | 85.7 | 88.2 |
| 2012 | 85.8 | 88.3 |
| 2013 | 85.9 | 88.3 |
| 2014 | 86.0 | 88.4 |
| 2015 | 86.0 | 88.5 |
| 2016 | 86.1 | 88.5 |
| 2017 | 86.2 | 88.6 |
| 2018 | 86.3 | 88.6 |
| 2019 | 86.3 | 88.7 |
| 2020 | 86.4 | 88.8 |
| 2021 | 86.5 | 88.8 |
| 2022 | 86.5 | 88.9 |
| 2023 | 86.6 | 88.9 |
| 2024 | 86.6 | 89.0 |
| 2025 | 86.7 | 89.0 |
| 2026 | 86.7 | 89.1 |
| 2027 | 86.8 | 89.1 |
| 2028 | 86.8 | 89.2 |
| 2029 | 86.9 | 89.2 |
| 2030 | 87.0 | 89.3 |
| 2031 | 87.0 | 89.3 |
| 2032 | 87.1 | 89.4 |
| 2033 | 87.1 | 89.4 |
| 2034 | 87.2 | 89.5 |
| 2035 | 87.2 | 89.5 |
| 2036 | 87.3 | 89.6 |
| 2037 | 87.3 | 89.6 |
| 2038 | 87.4 | 89.7 |
| 2039 | 87.4 | 89.7 |
| 2040 | 87.5 | 89.8 |
| 2041 | 87.6 | 89.8 |
| 2042 | 87.6 | 89.9 |
| 2043 | 87.7 | 89.9 |
| 2044 | 87.7 | 90.0 |
| 2045 | 87.8 | 90.0 |
| 2046 | 87.8 | 90.1 |
| 2047 | 87.9 | 90.1 |
| 2048 | 87.9 | 90.2 |
| 2049 | 88.0 | 90.2 |
| 2050 | 88.0 | 90.3 |
| 2051 | 88.1 | 90.3 |
| 2052 | 88.1 | 90.4 |
| 2053 | 88.2 | 90.4 |
| 2054 | 88.2 | 90.5 |
| 2055 | 88.3 | 90.5 |
| 2056 | 88.3 | 90.6 |
| 2057 | 88.4 | 90.6 |
| 2058 | 88.5 | 90.7 |
| 2059 | 88.5 | 90.7 |
| 2060 | 88.6 | 90.8 |
| 2061 | 88.6 | 90.8 |
| 2062 | 88.7 | 90.9 |
| 2063 | 88.7 | 90.9 |
| 2064 | 88.8 | 90.9 |
| 2065 | 88.8 | 91.0 |
| 2066 | 88.9 | 91.0 |
| 2067 | 88.9 | 91.1 |
| 2068 | 89.0 | 91.1 |
| 2069 | 89.0 | 91.2 |
| 2070 | 89.1 | 91.2 |
| 2071 | 89.1 | 91.3 |
| Note: Projection reflects cohort life expectancies at age 65. Source: Office of the Chief Actuary. |
Share of Private Sector Employees Covered by an RPP, 1977 to 2013
per cent
Year |
Defined benefit RPP coverage |
Defined contribution RPP coverage |
Total RPP coverage |
|---|---|---|---|
| 1977 | 31 | 3 | 35 |
| 1979 | 31 | 3 | 34 |
| 1981 | 31 | 3 | 34 |
| 1983 | 30 | 3 | 34 |
| 1985 | 29 | 4 | 33 |
| 1987 | 27 | 4 | 31 |
| 1989 | 26 | 4 | 31 |
| 1991 | 26 | 4 | 31 |
| 1992 | 26 | 4 | 31 |
| 1993 | 25 | 5 | 31 |
| 1994 | 24 | 5 | 30 |
| 1995 | 24 | 5 | 29 |
| 1996 | 23 | 5 | 29 |
| 1997 | 22 | 6 | 28 |
| 1998 | 21 | 6 | 28 |
| 1999 | 21 | 6 | 28 |
| 2000 | 21 | 6 | 28 |
| 2001 | 20 | 6 | 28 |
| 2002 | 20 | 6 | 27 |
| 2003 | 19 | 7 | 27 |
| 2004 | 19 | 6 | 26 |
| 2005 | 18 | 6 | 26 |
| 2006 | 17 | 7 | 26 |
| 2007 | 16 | 7 | 26 |
| 2008 | 14 | 7 | 25 |
| 2009 | 14 | 7 | 25 |
| 2010 | 13 | 7 | 24 |
| 2011 | 12 | 7 | 24 |
| 2012 | 11 | 7 | 24 |
| 2013 | 11 | 7 | 24 |
| Source: Statistics Canada. |
Illustration of Annual Enhanced CPP Benefits for Different Age Cohorts and Income Levels ($2016)
| $25,000 | $50,000 | $75,000 | |
|---|---|---|---|
| 5 years of contributions (60 years old in 2025) |
200 | 500 | 900> |
| 15 years of contributions (50 years old in 2025) |
700 | 1,500 | 2,600 |
| 25 years of contributions (40 years old in 2025) |
1,200 | 2,500 | 4,300 |
| 35 years of contributions (30 years old in 2025) |
1,700 | 3,500 | 6,000 |
| 40 years of contributions (25 years old in 2025) |
2,000 | 4,000 | 6,800 |