Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - January to March 2016
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 |
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 |
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
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 | GIS | Allowance | Total |
---|---|---|---|
$33,555 | $10,123 | $544 | $44,222 |
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 |
---|---|
$39,371 | $12,700 |
Contact us
English: 1-800-277-9914
TTY: 1-800-255-4786
Page details
- Date modified: