Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - April to June 2016

Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) - Type of benefit
New benefits maximum amount 2016 Number of benefits

January 2016
Amounts paid

January 2016
CPP QPP CPP QPP CPP (in millions) QPP (in millions)
Retirement (at age 65) $1,092.50 $1,092.50 4,776,592 1,735,684 $2,662.7 $864.3
Post–Retirement Benefit (CPP) (at age 65) Footnote 1 $27.31 1,495,147 $18.2
Retirement Pension Supplement (QPP) Footnote 1 $20.88 466,840 $10.3
Disability $1,290.81 $1,290.78 334,096 65,050 $296.6 $62.4
Survivor – younger than 65 $593.62 (see Note 1) 224,723 68,604 $88.2 $46.7
Survivor – 65 and older $655.50 $655.50 865,654 297,059 $272.4 $94.4
Total - Survivor benefits Footnote 2 1,090,377 365,663 $360.5 $141.1
Children of disabled contributor $237.69 $75.46 78,257 6,721 $18.6 $0.7
Children of deceased contributor $237.69 $237.69 60,876 13,024 $14.4 $3.2
Death (maximum one-time payment) $2,500.00 $2,500.00 12,765 4,381 $29.3 $10.8
Total - CPP/QPP benefits Footnote 2 6,352,963 2,190,523 $3,400.4 $1,092.8
Combined benefits
Survivor/retirement

(retirement at 65)
$1,092.50 $1,092.50 803,140 257,496 $642.7 $184.9
Survivor/disability $1,290.81 Not applicable 14,182 2,234 $14.6 $2.6
Total - Combined benefits Footnote 2 817,322 259,730 $657.3 $187.5
Disability and survivor amounts
Flat amount Earnings-related portion Total
CPP disability benefit $471.43 $819.38 $1,290.81
CPP survivor benefit – younger than 65 $183.93 $409.69 $593.62
QPP disability benefit $471.40 $819.38 $1,290.78
Note 1 - Details of QPP benefits
Flat amount Earnings-related portion Total
QPP survivor benefit – younger than 45 (Return to note 1)
Not disabled, no child $120.73 $409.69 $530.42
Not disabled, with child $437.70 $409.69 $847.39
Disabled $471.40 $409.69 $881.09
QPP survivors - age 45 to 64 $471.40 $409.69 $881.09

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 ($471.43)

Survivor:

  • younger than 65: (retirement x 0.375) + flat amount ($183.93)
  • 65 and older: retirement x 0.60
Old Age Security (OAS) - Type of benefit
April to June 2016 January 2016
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 $570.52 Not applicable 5,684,289 $3,067.0
Guaranteed Income Supplement (GIS)
Single $773.60 $17,304 $4,592 1,112,118 $582.2
Spouse/common-law partner of someone who:
does not receive an OAS pension $773.60 $41,472 $9,184 88,392 $46.9
receives an OAS pension $512.96 $22,848 $7,648 610,040 $201.2
is an Allowance recipient $512.96 $41,472 $7,648 52,440 $23.5
Total - GIS Footnote 2 1,862,990 $853.8
Allowance $1,083.48 $32,016 $7,648 52,431 $25.1
Allowance for the Survivor $1,213.00 $23,328 $4,592 22,187 $16.4
Total - Allowance and Allowance for the Survivor Footnote 2 74 618 $41.5
OAS forecasted expenditures, 2016–17 (in millions)
OAS GIS Allowance Total
$37,086 $10,804 $516 $48,407
Other CPP/QPP figures
CPP QPP
Year's maximum pensionable earnings (YMPE) (2016) $54,900.00 $54,900.00
Year's basic exemption (2016) $3,500.00 $3,500.00
Employee/employer maximum contribution (4.95%) $2,544.30 (5.325%) $2,737.05
Self-employed maximum contribution (9.9%) $5,088.60 (10.65%) $5,474.10
Account balance (March 2015) $269,043 million $43,149 million
Contributions (2014-2015) $45,046 million $12,687 million
Number of contributors (2013) 13.7 million (estimated) 4.0 million
Indexation rate (January 2016) 1.2% 1.2%
CPP/QPP forecasted expenditures, 2016–17 (in millions)
CPP QPP
$43,619 $13,786

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