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

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

New benefits maximum amount 2017 Number of benefits

March 2017
Amounts paid

March 2017
CPP QPP CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,114.17 $1,114.17 4,962,023 1,802,009 $2,811.3 $910.5
Post–Retirement Benefit (CPP) (at age 65)Footnote 1 $27.85 not applicable 2,102,511 not applicable $26.7 not applicable
Retirement Pension Supplement (QPP) Footnote 1 not applicable $21.42 not applicable 564,074 not applicable $14.1
Disability $1,313.66 $1,313.63 336,250 63,521 $302.9 $61.5
Survivor – younger than 65 $604.32 (see Note Footnote 1) 221,472 66,303 $88.1 $45.7
Survivor – 65 and older $668.50 $668.50 880,399 302,440 $277.6 $96.2
Total - Survivor benefitsFootnote 2 not applicable not applicable 1,101,871 368,743 $365.7 $141.9
Children of disabled contributor $241.02 $76.52 83,549 6,774 $20.1 $0.7
Children of deceased contributor $241.02 $241.02 63,678 12,736 $15.3 $3.1
Death (maximum one-time payment) $2,500.00 $2,500.00 11,661 5,019 $26.7 $12.3
Total - CPP/QPP benefitsFootnote 2 not applicable not applicable 6,559,032 2,258,802 $3,568.7 $1,144.1
Combined benefits
Survivor/retirement
(retirement at 65)
$1,114.17 $1,114.17 825,133 265,871 $670.2 $194.0
Survivor/disability $1,313.66 not applicable 14,182 2,114 $14.7 $2.4
Total - Combined benefits not applicable not applicable 839,315 267,985 $684.9 $196.4

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

QPP survivor benefit – younger than 45 (Return to note Footnote 1)
Flat amount Earnings-related portion Total
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

July to September 2017 March 2017
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 $583.74 not applicable not applicable 5,879,658 $3,218.3
Guaranteed Income Supplement (GIS)
Single $871.86 $17,688 $8,528 1,148,304 $643.4
Spouse/common-law partner of someone who:
does not receive an OAS pension $871.86 $42,384 $17,056 97,164 $51.3
receives an OAS pension $524.85 $23,376 $7,744 629,241 $208.7
is an Allowance recipient $524.85 $42,384 $7,744 50,269 $22.5
Total - GIS Footnote 2 not applicable not applicable not applicable 1,924,978 $926.0
Allowance $1,108.59 $32,736 $7,744 50,260 $23.7
Allowance for the Survivor $1,321.46 $23,832 $8,528 22,840 $16.3
Total - Allowance and Allowance for the Survivor Footnote 2 not applicable not applicable not applicable 73,100 $40.0

OAS forecasted expenditures, 2017 to 2018 (in millions)

OAS GIS Allowance Total
$38,810 $11,848 $497 $51,155

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 (September 2016) $303,881 million $48,535 million
Contributions (2015 to 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, 2017 to 2018 (in millions)

CPP QPP
$45,785 $14,240

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