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

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

October 2015
Amounts paid

October 2015
CPP QPP CPP QPP CPP (in millions) QPP (in millions)
Retirement (at age 65) $1,092.50 $1,092.50 4,737,078 1,721,086 $2,608.1 $846.0
Post–Retirement Benefit (CPP) (at age 65) Footnote 1 $27.31 1,487,921 $18.0
Retirement Pension Supplement (QPP) Footnote 1 $20.88 464,232 $10.1
Disability $1,290.81 $1,290.78 332,147 65,118 $291.3 $61.8
Survivor – younger than 65 $593.62 (see Note 1) 225,053 69,085 $87.3 $46.6
Survivor – 65 and older $655.50 $655.50 862,495 296,453 $269.0 $93.0
Total - Survivor benefits Footnote 2 1,087,548 365,538 $356.3 $139.6
Children of disabled contributor $237.69 $75.46 72,593 6,700 $17.1 $0.7
Children of deceased contributor $237.69 $237.69 54,504 13,139 $12.8 $3.1
Death (one-time payment) $2,500.00 $2,500.00 10,657 3,433 $24.5 $8.4
Total - CPP/QPP benefits Footnote 2 6,294,527 2,175,014 $3,328.1 $1,069.7
Combined benefits
Survivor/retirement

(retirement at 65)
$1,092.50 $1,092.50 797,456 256,024 $630.5 $181.6
Survivor/disability $1,290.81 Not applicable 14,136 2,237 $14.4 $2.5
Total - Combined benefits Footnote 2 811,592 258,261 $644.9 $184.1
Disability and survivor amounts
Flat amount Earnings-related portion
CPP disability benefit $471.43 $819.38
CPP survivor benefit – younger than 65 $183.93 $409.69
QPP disability benefit $471.40 $819.38
Note 1: Details of QPP benefits
Earnings-related portion Total
QPP survivor benefit – younger than 45 (Return to note 1)
$409.69 $530.42
$409.69 $847.39
$409.69 $881.09
$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

Post Retirement: 1/40 of the retirement benefit

Old Age Security (OAS) - Type of benefit
January to March 2016 October 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 $570.52 Not applicable 5,646,793 $3,039.2
Guaranteed Income Supplement (GIS)
Single $773.60 $17,304 $4,592 1,090,794 $562.9
Spouse/common-law partner of someone who:
does not receive an OAS pension $773.60 $41,472 $9,184 85,895 $43.9
receives an OAS pension $512.96 $22,848 $7,648 599,688 $199.6
is an Allowance recipient $512.96 $41,472 $7,648 52,758 $23.3
Total - GIS Footnote 2 1,829,135 $829.7
Allowance $1,083.48 $32,016 $7,648 52,749 $24.3
Allowance for the Survivor $1,213.00 $23,328 $4,592 21,681 $14.4
Total - Allowance and Allowance for the Survivor Footnote 2 74 430 $38.7
OAS forecasted expenditures, 2014–15 (in millions)
OAS GIS Allowance Total
$33,555 $10,123 $544 $44,222
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, 2014–15 (in millions)
CPP QPP
$39,371 $12,700

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