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

July to September 2016 [PDF - 168 KB]

**Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) - Type of benefit**
	CPP	QPP	CPP	QPP	CPP (in millions)	QPP (in millions)
	New benefits maximum amount 2016		Number of benefits March 2016		Amounts paid March 2016
Retirement (at age 65)	$1,092.50	$1,092.50	4,801,885	1,744,663	$2,677.4	$867.8
Post–Retirement Benefit (CPP) (at age 65)^{Footnote 1}	$27.31		1,501,468		$18.3
Retirement Pension Supplement (QPP) ^{Footnote 1}		$20.88		512,301		$11.9
Disability	$1,290.81	$1,290.78	334,120	65,111	$296.8	$66.1
Survivor – younger than 65	$593.62	(see Note^{Footnote 1})	224,792	68,361	$88.2	$46.7
Survivor – 65 and older	$655.50	$655.50	868,373	297,651	$272.8	$94.6
Total - Survivor benefits^{Footnote 2}			1,093,165	366,012	$361.1	$141.3
Children of disabled contributor	$237.69	$75.46	83,469	6,805	$19.9	$0.8
Children of deceased contributor	$237.69	$237.69	65,564	12,958	$15.6	$3.2
Death (maximum one-time payment)	$2,500.00	$2,500.00	11,647	4,530	$26.8	$11.2
Total - CPP/QPP benefits^{Footnote 2}			6,389,877	2,200,079	$3,415.9	$1,102.3
Combined benefits
Survivor/retirement (retirement at 65)	$1,092.50	$1,092.50	806,524	258,594	$645.7	$185.8
Survivor/disability	$1,290.81	Not applicable	14,215	2,226	$14.6	$2.5
Total - Combined benefits			820,739	260,820	$660.3	$188.3

**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^{Footnote 1} Details of QPP benefits**
QPP survivor benefit – younger than 45
	Flat amount	Earnings-related portion	Total
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

Post Retirement:

1/40 of the retirement benefit

**Old Age Security (OAS) - Type of benefit**
	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)
	July to September 2016			March 2016
Old Age Security pension ^{Footnote 5}	$573.37	Not applicable		5,707,782	$3,075.9
Guaranteed Income Supplement (GIS)
Single	$856.39	$17,376	$8,384	1,118,152	$574.9
Spouse/common-law partner of someone who:
does not receive an OAS pension	$856.39	$41,664	$16,768	90,555	$46.2
receives an OAS pension	$515.53	$22,944	$7,648	611,292	$199.4
is an Allowance recipient	$515.53	$41,664	$7,648	51,947	$22.8
Total - GIS ^{Footnote 2}				1,871,946	$843.3
Allowance	$1,088.90	$32,160	$7,648	51,937	$23.7
Allowance for the Survivor	$1,297.99	$23,424	$8,384	23,402	$15.9
Total - Allowance and Allowance for the Survivor ^{Footnote 2}				75,339	$39.6

**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 (September 2015)	$276,479 million	$44,941 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

Footnotes

Footnote 1

If you are under the age of 70 and working outside of Québec while receiving your CPP or QPP retirement pension, you can make CPP contributions towards the Post-Retirement Benefit (PRB), a fully indexed lifetime benefit that increases your retirement income. Contributions are mandatory for working retirement pension recipients under age 65, while those aged 65 or above may elect to not to contribute. If you made CPP contributions toward the PRB in 2012, the PRB will be paid to you the following year, starting in 2013. More information is available on the Service Canada website.

Return to first footnote 1 referrer

Footnote 2

Total may not add up due to rounding.

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Footnote 3