Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - April to June 2018
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New benefits maximum amount 2018 | Number of benefits January 2018 |
Amounts paid January 2018 |
||||
---|---|---|---|---|---|---|
CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
Retirement (at age 65) | $1,134.17 | $1,134.17 | 5,100,153 | 1,849,931 | $2,937.9 | $948.2 |
Post–Retirement Benefit (CPP) (at age 65)Footnote 1 | $28.35 | not applicable | 2,648,538 | not applicable | $34.7 | not applicable |
Retirement Pension Supplement (QPP) Footnote 1 | not applicable | $21.58 | not applicable | 587,125 | not applicable | $15.3 |
Disability | $1,335.83 | $1,335.80 | 338,312 | 62,447 | $309.7 | $62.1 |
Survivor – younger than 65 | $614.62 | (see Note Footnote 1) | 219,182 | 64,411 | $88.4 | $45.3 |
Survivor – 65 and older | $680.50 | $680.50 | 896,723 | 306,143 | $284.2 | $98.1 |
Total - Survivor benefitsFootnote 2 | not applicable | not applicable | 1,115,905 | 370,554 | $372.7 | $143.4 |
Children of disabled contributor | $244.64 | $77.67 | 78,442 | 6,739 | $19.2 | $0.7 |
Children of deceased contributor | $244.64 | $244.64 | 59,014 | 12,531 | $14.4 | $3.1 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 11,599 | 5,032 | $26.7 | $12.4 |
Total - CPP/QPP benefitsFootnote 2 | not applicable | not applicable | 6,703,425 | 2,307,234 | $3,715.2 | $1,185.2 |
Combined benefits | ||||||
Survivor/retirement (retirement at 65) |
$1,134.17 | $1,134.17 | 844,887 | 271,556 | $697.4 | $201.3 |
Survivor/disability | $1,335.83 | not applicable | 14,130 | 2,007 | $14.9 | $2.4 |
Total - Combined benefits | not applicable | not applicable | 859,017 | 273,563 | $712.3 | $203.7 |
Flat amount | Earnings-related portion | Total | |
---|---|---|---|
CPP disability benefit | $485.20 | $850.63 | $1,335.83 |
CPP survivor benefit – younger than 65 | $189.31 | $425.31 | $614.62 |
QPP disability benefit | $485.17 | $850.63 | $1,335.80 |
QPP survivor benefit – younger than 45 (Return to note Footnote 1) | |||
---|---|---|---|
Flat amount | Earnings-related portion | Total | |
Not disabled, no child | $124.26 | $425.31 | $549.57 |
Not disabled, with child | $450.49 | $425.31 | $875.80 |
Disabled | $485.17 | $425.31 | $910.48 |
QPP survivors - age 45 to 64 | $485.17 | $425.31 | $910.48 |
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 ($485.20)
Survivor:
- younger than 65: (retirement x 0.375) + flat amount ($189.31)
- 65 and older: retirement x 0.60
Post Retirement:
1/40 of the retirement benefit
April to June 2018 | January 2018 | ||||
---|---|---|---|---|---|
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 | $589.59 | not applicable | not applicable | 6,062,989 | $3,364.9 |
Guaranteed Income Supplement (GIS) | |||||
Single | $880.61 | $17,880 | $8,576 | 1,174,416 | $669.2 |
Spouse/common-law partner of someone who: | |||||
does not receive an OAS pension | $880.61 | $42,864 | $17,152 | 97,241 | $52.4 |
receives an OAS pension | $530.12 | $23,616 | $7,744 | 649,588 | $219.4 |
is an Allowance recipient | $530.12 | $42,864 | $7,744 | 50,344 | $23.0 |
Total - GIS Footnote 2 | not applicable | not applicable | not applicable | 1,971,589 | $964.0 |
Allowance | $1,119.71 | $33,072 | $7,744 | 50,338 | $24.1 |
Allowance for the Survivor | $1,334.72 | $24,072 | $8,576 | 22,905 | $16.1 |
Total - Allowance and Allowance for the Survivor Footnote 2 | not applicable | not applicable | not applicable | 73,243 | $40.2 |
CPP | QPP | |
---|---|---|
Year's maximum pensionable earnings (YMPE) (2018) | $55,900.00 | $55,900.00 |
Year's basic exemption (2018) | $3,500.00 | $3,500.00 |
Employee/employer maximum contribution | (4.95%) $2,593.80 | (5.4%) $2,829.60 |
Self-employed maximum contribution | (9.9%) $5,187.60 | (10.8%) $5,659.20 |
Account balance (September 2017) | $331,186 million | $51,051 million |
Contributions (2016 to 2017) | $46,966 million | $13,900 million |
Number of contributors (2015) | 14.0 million | (estimated) 4.1 million |
Indexation rate (January 2018) | 1.5% | 1.5% |
OAS | CPP | QPP |
---|---|---|
$53.7 | $47.2 | $14.9 |
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