Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - July to September 2015
New benefits maximum amount 2015 | Number of benefits March 2015 |
Amounts paid March 2015 |
||||
---|---|---|---|---|---|---|
CPP | QPP | CPP | QPP | CPP (in millions) | QPP (in millions) | |
Retirement (at age 65) | $1,065.00 | $1,065.00 | 4,636,569 | 1,680,283 | $2,551.1 | $825.3 |
Post–Retirement Benefit (CPP) (at age 65) Footnote 1 | $26.63 | 1,057,679 | $12.5 | |||
Retirement Pension Supplement (QPP) Footnote 1 | $20.42 | 441,501 | $9.5 | |||
Disability | $1,264.59 | $1,264.56 | 329,528 | 65,341 | $289.0 | $63.8 |
Survivor – younger than 65 | $581.13 | (see Note 1) | 227,164 | 70,260 | $88.3 | $47.4 |
Survivor – 65 and older | $639.00 | $639.00 | 851,356 | 292,754 | $267.0 | $92.3 |
Total - Survivor benefits Footnote 2 | 1,078,520 | 363,014 | $355.3 | $139.7 | ||
Children of disabled contributor | $234.87 | $74.57 | 83,092 | 6,769 | $19.5 | $0.7 |
Children of deceased contributor | $234.87 | $234.87 | 67,077 | 13,337 | $15.7 | $3.2 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 15,111 | 5,366 | $34.6 | $13.1 |
Total - CPP/QPP benefits Footnote 2 | 6,209,897 | 2,134,110 | $3,277.8 | $1,055.3 | ||
Combined benefits | ||||||
Survivor/retirement (retirement at 65) |
$1,065.00 | $1,065.00 | 784,572 | 250,789 | $620.2 | $177.6 |
Survivor/disability | $1,264.59 | Not applicable | 14,106 | 2,306 | $14.4 | $2.6 |
Total - Combined benefits Footnote 2 | 798,678 | 253,095 | $634.6 | $180.2 |
Flat amount | Earnings-related portion | Total | |
---|---|---|---|
CPP disability benefit | $465.84 | $798.75 | $1,264.59 |
CPP survivor benefit – younger than 65 | $181.75 | $399.38 | $581.13 |
QPP disability benefit | $465.81 | $798.75 | $1,264.56 |
Flat amount | Earnings-related portion | Total | |
---|---|---|---|
QPP survivor benefit – younger than 45 (Return to note 1) | |||
Not disabled, no child | $119.30 | $399.38 | $518.68 |
Not disabled, with child | $432.51 | $399.38 | $831.89 |
Disabled | $465.81 | $399.38 | $865.19 |
QPP survivors - age 45 to 64 | $465.81 | $399.38 | $865.19 |
Calculation of CPP maximum monthly amounts for new benefits
Retirement:
25% of 1/12 of the average year's maximum pensionable earnings (YMPE) for the last five years
Disability:
(retirement x 0.75) + flat amount ($465.84)
Survivor:
- younger than 65: (retirement x 0.375) + flat amount ($181.75)
- 65 and older: retirement x 0.60
July to September 2015 | March 2015 | ||||
---|---|---|---|---|---|
Maximum amount Footnote 3 | Income level cut-off Footnote 4 | Income level cut-off for top-ups Footnote 4 | Number of benefits | Amount paid (in millions) | |
Old Age Security pension Footnote 5 | $564.87 | Not applicable | 5,547,190 | $2,950.3 | |
Guaranteed Income Supplement (GIS) | |||||
Single | $765.93 | $17,136 | $4,544 | 1,068,299 | $554.9 |
Spouse/common-law partner of someone who: | |||||
does not receive an OAS pension | $765.93 | $41,088 | $9,088 | 85,020 | $43.7 |
receives an OAS pension | $507.87 | $22,608 | $7,648 | 571,303 | $192.6 |
is an Allowance recipient | $507.87 | $41,088 | $7,648 | 55,816 | $24.2 |
Total - GIS Footnote 2 | 1,780,438 | $815.4 | |||
Allowance | $1,072.74 | $31,680 | $7,648 | 55,812 | $25.3 |
Allowance for the Survivor | $1,200.98 | $23,088 | $4,544 | 24,191 | $16.0 |
Total - Allowance and Allowance for the Survivor Footnote 2 | 80,003 | $41.3 |
OAS | GIS | Allowance | Total |
---|---|---|---|
$34,921 | $10,606 | $546 | $46,072 |
CPP | QPP | |
---|---|---|
Year's maximum pensionable earnings (YMPE) (2015) | $53,600.00 | $53,600.00 |
Year's basic exemption (2015) | $3,500.00 | $3,500.00 |
Employee/employer maximum contribution | (4.95%) $2,479.95 | (5.250%) $2,630.25 |
Self-employed maximum contribution | (9.9%) $4,959.90 | (10.50%) $5,260.50 |
Account balance (September 2014) | $237,297 million | $41,891 million |
Contributions (2013-2014) | $43,181 million | $12,323 million |
Number of contributors (2012) | 13.2 million | (estimated) 4.0 million |
Indexation rate (January 2015) | 1.8% | 1.8% |
CPP | QPP |
---|---|
$41,612 | $13,300 |
Contact us
English: 1-800-277-9914
TTY: 1-800-255-4786
Page details
- Date modified: