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

Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - October to December 2017 [PDF - 91 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 2017		Number of benefits July 2017		Amounts paid July 2017
Retirement (at age 65)	$1,114.17	$1,114.17	5,017,561	1,822,951	$2,844.3	$920.0
Post–Retirement Benefit (CPP) (at age 65)^{Footnote 1}	$27.85	not applicable	2,636,826	not applicable	$34.1	not applicable
Retirement Pension Supplement (QPP) ^{Footnote 1}	not applicable	$21.42	not applicable	584,597	not applicable	$15.0
Disability	$1,313.66	$1,313.63	337,344	62,970	$304.1	$62.8
Survivor – younger than 65	$604.32	(see Note ^{Footnote 1})	220,454	65,285	$87.7	$45.0
Survivor – 65 and older	$668.50	$668.50	887,697	303,696	$278.9	$96.3
Total - Survivor benefits^{Footnote 2}	not applicable	not applicable	1,108,151	368,981	$366.6	$141.3
Children of disabled contributor	$241.02	$76.52	87,726	6,751	$21.2	$0.7
Children of deceased contributor	$241.02	$241.02	67,508	12,537	$16.3	$3.1
Death (maximum one-time payment)	$2,500.00	$2,500.00	17,986	3,744	$41.3	$9.2
Total - CPP/QPP benefits^{Footnote 2}	not applicable	not applicable	6,636,276	2,277,934	$3,627.8	$1,152.1
Combined benefits
Survivor/retirement (retirement at 65)	$1,114.17	$1,114.17	833,841	267,990	$677.6	$195.6
Survivor/disability	$1,313.66	not applicable	14,221	2,073	$14.7	$2.4
Total - Combined benefits	not applicable	not applicable	848,062	270,063	$692.3	$198.0

**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**
	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 2017			July 2017
Old Age Security pension ^{Footnote 5}	$585.49	not applicable	not applicable	5,949,472	$3,290.3
Guaranteed Income Supplement (GIS)
Single	$874.48	$17,760	$8,528	1,107,852	$620.2
Spouse/common-law partner of someone who:
does not receive an OAS pension	$874.48	$42,576	$17,056	90,643	$47.2
receives an OAS pension	$526.42	$23,472	$7,744	618,508	$205.4
is an Allowance recipient	$526.42	$42,576	$7,744	46,960	$21.3
Total - GIS ^{Footnote 2}	not applicable	not applicable	not applicable	1,863,963	$894.1
Allowance	$1,111.91	$32,880	$7,744	46,957	$22.5
Allowance for the Survivor	$1,325.43	$23,928	$8,528	21,806	$15.1
Total - Allowance and Allowance for the Survivor ^{Footnote 2}	not applicable	not applicable	not applicable	68,763	$37.5

**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 (December 2016)	$301,532 million	$48,993 million
Contributions (2015 to 2016)	$46,119 million	$13,177 million
Number of contributors (2015)	14.0 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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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 first footnote 1 referrer

Footnote 2

Total may not add up due to rounding.

Return to first footnote 2 referrer

Footnote 3