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

**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 July 2016		Amounts paid July 2016
Retirement (at age 65)	$1,092.50	$1,092.50	4,859,600	1,764,919	$2,710.9	$877.2
Post–Retirement Benefit (CPP) (at age 65) ^{Footnote 1}	$27.31	not applicable	2,049,959	not applicable	$25.7	not applicable
Retirement Pension Supplement (QPP) ^{Footnote 1}	not applicable	$20.88	not applicable	527,410	not applicable	$12.4
Disability	$1,290.81	$1,290.78	334,788	65,515	$297.4	$63.7
Survivor – younger than 65	$593.62	(see Note^{Footnote 1})	223,757	67,601	$87.8	$46.1
Survivor – 65 and older	$655.50	$655.50	874,373	299,571	$273.8	$94.6
Total - Survivor benefits ^{Footnote 2}	not applicable	not applicable	1,098,130	367,172	$361.6	$140.6
Children of disabled contributor	$237.69	$75.46	87,172	6,708	$20.7	$0.7
Children of deceased contributor	$237.69	$237.69	69,086	12,813	$16.4	$3.1
Death (maximum one-time payment)	$2,500.00	$2,500.00	11,970	4,440	$27.4	$9.7
Total - CPP/QPP benefits ^{Footnote 2}	not applicable	not applicable	6,460,746	2,220,567	$3,460.1	$1,107.4
Combined benefits
Survivor/retirement (retirement at 65)	$1,092.50	$1,092.50	813,449	261,292	$651.4	$187.8
Survivor/disability	$1,290.81	not applicable	14,161	2,206	$14.5	$2.5
Total - Combined benefits ^{Footnote 2}	not applicable	not applicable	827,610	263,498	$666.0	$190.3

**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

**Details of QPP benefits**
QPP survivor benefit – younger than 45 (Return to note^{Footnote 1})
	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

**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)
	October to December 2016			July 2016
Old Age Security pension ^{Footnote 5}	$578.53	not applicable	not applicable	5,766,607	$3,123.0
Guaranteed Income Supplement (GIS)
Single	$864.09	$17,544	$8,432	1,069,732	$585.8
Spouse/common-law partner of someone who:
does not receive an OAS pension	$864.09	$42,048	$16,864	87,502	$44.8
receives an OAS pension	$520.17	$23,184	$7,648	588,687	$192.4
is an Allowance recipient	$520.17	$42,048	$7,648	47,153	$20.9
Total - GIS ^{Footnote 2}	not applicable	not applicable	not applicable	1,793,074	$843.9
Allowance	$1,098.70	$32,448	$7,648	47,153	$22.0
Allowance for the Survivor	$1,309.67	$23,616	$8,432	21,864	$14.7
Total - Allowance and Allowance for the Survivor ^{Footnote 2}	not applicable	not applicable	not applicable	69,017	$36.7

**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 (December 2015)	$285,358 million	$45,535 million
Contributions (2014-2015)	$45,046 million	$12,687 million
Number of contributors (2014)	13.9 million	(estimated) 4.1 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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Footnotes

Footnote 1

Each year a valid contribution is made to the CPP while a retirement pension is being received, the person becomes eligible for a post-retirement benefit (PRB) in January of the following year and thus can receive more than one PRB. Since the PRB is a supplementary benefit which enhances the retirement benefit, the number of PRBs is not included in the total CPP benefits. This exclusion applies to the Retirement Pension Supplement for the total QPP benefits.

Return to footnote 1 referrer

Footnote 2

Total may not add up due to rounding.

Return to footnote 2 referrer

Footnote 3