Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - July to September 2018
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New benefits maximum amount 2018 | Number of benefits March 2018 |
Amounts paid March 2018 |
||||
---|---|---|---|---|---|---|
CPP | QPP | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
Retirement (at age 65) | $1,134.17 | $1,134.17 | 5,118,650 | 1,856,128 | $2,949.7 | $953.0 |
Post–Retirement Benefit (CPP) (at age 65)Footnote 1 | $28.35 | not applicable | 2,682,618 | not applicable | $35.1 | not applicable |
Retirement Pension Supplement (QPP) Footnote 1 | not applicable | $21.58 | not applicable | 620,351 | not applicable | $16.8 |
Disability | $1,335.83 | $1,335.80 | 338,714 | 62,427 | $310.2 | $63.7 |
Survivor – younger than 65 | $614.62 | (see Note Footnote 1) | 218,549 | 64,292 | $88.2 | $45.2 |
Survivor – 65 and older | $680.50 | $680.50 | 897,510 | 306,257 | $284.0 | $98.1 |
Total - Survivor benefitsFootnote 2 | not applicable | not applicable | 1,116,059 | 370,549 | $372.2 | $143.3 |
Children of disabled contributor | $244.64 | $77.67 | 83,696 | 6,790 | $20.5 | $0.8 |
Children of deceased contributor | $244.64 | $244.64 | 62,906 | 12,538 | $15.4 | $3.2 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 13,422 | 4,275 | $30.8 | $10.6 |
Total - CPP/QPP benefitsFootnote 2 | not applicable | not applicable | 6,733,447 | 2,312,707 | $3,733.9 | $1,191.4 |
Combined benefits | ||||||
Survivor/retirement (retirement at 65) |
$1,134.17 | $1,134.17 | 846,718 | 272,373 | $699.1 | $202.1 |
Survivor/disability | $1,335.83 | not applicable | 14,170 | 1,989 | $14.9 | $2.3 |
Total - Combined benefits | not applicable | not applicable | 860,888 | 274,362 | $714.0 | $204.4 |
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
July to September 2018 | March 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 (at age 65) Footnote 5, Footnote 6 | $596.67 | not applicable | not applicable | 6,088,484 | $3,376.5 |
Guaranteed Income Supplement (GIS) | |||||
Single | $891.18 | $18,096 | $8,672 | 1,176,565 | $673.4 |
Spouse/common-law partner of someone who: | |||||
does not receive an OAS pension | $891.18 | $43,392 | $17,344 | 96,590 | $52.3 |
receives an OAS pension | $536.48 | $23,904 | $7,840 | 649,345 | $220.9 |
is an Allowance recipient | $536.48 | $43,392 | $7,840 | 50,671 | $23.4 |
Total - GIS Footnote 2 | not applicable | not applicable | not applicable | 1,973,171 | $970.1 |
Allowance | $1,133.15 | $33,456 | $7,840 | 50,664 | $24.7 |
Allowance for the Survivor | $1,350.74 | $24,360 | $8,672 | 22,886 | $16.3 |
Total - Allowance and Allowance for the Survivor Footnote 2 | not applicable | not applicable | not applicable | 73,550 | $41.1 |
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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