Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - January to March 2017

Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) - Type of benefit

New benefits maximum amount 2017 Number of benefits

October 2016
Amounts paid

October 2016
CPP QPP CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,114.17 $1,114.17 4,900,827 1,780,145 $2,735.7 $885.2
Post–Retirement Benefit (CPP) (at age 65)Footnote 1 $27.85 not applicable 2,061,020 not applicable $25.8 not applicable
Retirement Pension Supplement (QPP) Footnote 1 not applicable $21.42 not applicable 528,069 not applicable $12.5
Disability $1,313.66 $1,313.63 334,350 64,085 $297.2 $60.4
Survivor – younger than 65 $604.32 (see NoteFootnote 1) 222,924 67,136 $87.4 $45.7
Survivor – 65 and older $668.50 $668.50 878,073 301,223 $274.3 $94.8
Total - Survivor benefitsFootnote 2 not applicable not applicable 1,100,997 368,359 $361.8 $140.5
Children of disabled contributor $241.02 $76.52 74,112 6,728 $17.6 $0.7
Children of deceased contributor $241.02 $241.02 54,823 12,782 $13.1 $3.1
Death (maximum one-time payment) $2,500.00 $2,500.00 14,650 3,755 $33.6 $9.2
Total - CPP/QPP benefitsFootnote 2 not applicable not applicable 6,479,759 2,235,854 $3,484.8 $1,111.6
Combined benefits
Survivor/retirement
(retirement at 65)
$1,114.17 $1,114.17 820,301 263,290 $656.7 $189.2
Survivor/disability $1,313.66 not applicable 14,218 2,167 $14.5 $2.5
Total - Combined benefitsFootnote 2 not applicable not applicable 834,519 265,457 $671.2 $191.7

Disability and survivor amounts

Flat amount Earnings-related portion Total
CPP disability benefit $478.03 $835.63 $1,313.66
CPP survivor benefit – younger than 65 $186.51 $417.81 $604.32
QPP disability benefit $478.00 $835.63 $1,313.63

Details of QPP benefits

Flat amount Earnings-related portion Total
QPP survivor benefit – younger than 45 (Return to note Footnote 1)
Not disabled, no child $122.42 $417.81 $540.23
Not disabled, with child $443.83 $417.81 $861.64
Disabled $478.00 $417.81 $895.81
QPP survivors - age 45 to 64 $478.00 $417.81 $895.81

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 ($478.03)

Survivor:

  • younger than 65: (retirement x 0.375) + flat amount ($186.51)
  • 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 2017 October 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 $578.53 not applicable not applicable 5,813,866 $3,182.6
Guaranteed Income Supplement (GIS)
Single $864.09 $17,544 $8,432 1,111,931 $625.8
Spouse/common-law partner of someone who:
does not receive an OAS pension $864.09 $42,048 $16,864 92,634 $49.8
receives an OAS pension $520.17 $23,184 $7,648 611,330 $204.5
is an Allowance recipient $520.17 $42,048 $7,648 49,844 $22.9
Total - GIS Footnote 2 not applicable not applicable not applicable 1,865,739 $903.0
Allowance $1,098.70 $32,448 $7,648 49,844 $24.1
Allowance for the Survivor $1,309.67 $23,616 $8,432 22,938 $16.1
Total - Allowance and Allowance for the Survivor Footnote 2 not applicable not applicable not applicable 72,782 $40.1

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) (2017) $55,300.00 $55,300.00
Year's basic exemption (2017) $3,500.00 $3,500.00
Employee/employer maximum contribution (4.95%) $2,564.10 (5.4%) $2,797.20
Self-employed maximum contribution (9.9%) $5,128.20 (10.8%) $5,594.40
Account balance (March 2016) $283,244 million $46,081 million
Contributions (2015-2016) $46,119 million $13,177 million
Number of contributors (2014) 13.9 million (estimated) 4.1 million
Indexation rate (January 2017) 1.4% 1.4%

CPP/QPP forecasted expenditures, 2016–17 (in millions)

CPP QPP
$43,619 $13,786

Contact us

English: 1-800-277-9914

TTY: 1-800-255-4786

Page details

Date modified: