Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - January to March 2019
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New benefits Maximum amount 2019 |
Number of benefits October 2018 |
Amounts paid October 2018 |
||||
---|---|---|---|---|---|---|
CPPFootnote 1 | QPPFootnote 1 | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
Retirement (at age 65) | $1,154.58 | $1,154.58 | 5,210,563 | 1,885,506 | $3,005.6 | $966.7 |
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 | $28.86 | not applicable | 3,257,238 | not applicable | $43.4 | not applicable |
Retirement Pension Supplement (QPP) | not applicable | $21.83 | not applicable | 643,546 | not applicable | $17.8 |
Disability | $1,362.30 | $1,362.27 | 337,663 | 61,442 | $309.2 | $59.3 |
Survivor – younger than 65 | $626.63 | (Details QPP) | 216,636 | 62,961 | $87.5 | $44.1 |
Survivor – 65 and older | $692.75 | $692.75 | 909,999 | 309,639 | $285.7 | $98.6 |
Total - Survivor benefitsFootnote 3 | not applicable | not applicable | 1,126,635 | 372,600 | $373.2 | $142.7 |
Children of disabled contributor | $250.27 | $79.46 | 71,573 | 6,643 | $17.6 | $0.7 |
Children of deceased contributor | $250.27 | $250.27 | 53,109 | 12,476 | $13.0 | $3.1 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 8,692 | 4,286 | $19.8 | $10.5 |
Total - CPP/QPP benefitsFootnote 3 | not applicable | not applicable | 6,808,235 | 2,342,953 | $3,781.8 | $1,200.8 |
Combined benefits | ||||||
Survivor/retirement (retirement at 65) |
$1,154.58 | $1,154.58 | 859,376 | 276,698 | $710.0 | $205.5 |
Survivor/disability | $1,362.30 | not applicable | 13,886 | 1,935 | $14.6 | $2.3 |
Total - Combined benefitsFootnote 3 | not applicable | not applicable | 873,262 | 278,633 | $724.6 | $207.8 |
Flat amount | Earnings-related portion | Total | |
---|---|---|---|
CPP disability benefit | $496.36 | $865.94 | $1,362.30 |
CPP post-retirement disability benefitFootnote 4 | $496.36 | $0.00 | $496.36 |
CPP survivor benefit – younger than 65 | $193.66 | $432.97 | $626.63 |
QPP disability benefit | $496.33 | $865.94 | $1,362.27 |
QPP additional amount for disabilityFootnote 4 | $496.33 | $0.00 | $496.33 |
QPP survivor benefit – younger than 45 | |||
---|---|---|---|
Flat amount | Earnings-related portion | Total | |
Not disabled, no child | $127.12 | $432.97 | $560.09 |
Not disabled, with child | $460.85 | $432.97 | $893.82 |
Disabled | $496.33 | $432.97 | $929.30 |
QPP survivors - age 45 to 64 | $496.33 | $432.97 | $929.30 |
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 ($496.36)
Survivor:
- younger than 65: (retirement x 0.375) + flat amount ($193.66)
- 65 and older: retirement x 0.60
Post Retirement:
1/40 of the retirement benefit
January to March 2019 | October 2018 | ||||
---|---|---|---|---|---|
Maximum amount Footnote 5 | Income level cut-off Footnote 6 | Income level cut-off for top-ups Footnote 6 | Number of benefits | Amount paid (in millions) | |
Old Age Security pension (at age 65) Footnote 7, Footnote 8 | $601.45 | not applicable | not applicable | 6,220,519 | $3,525.9 |
Guaranteed Income Supplement (GIS) | |||||
Single | $898.32 | $18,240 | $8,720 | 1,194,113 | $699.8 |
Spouse/common-law partner of someone who: | |||||
does not receive an OAS pension | $898.32 | $43,728 | $17,440 | 96,839 | $53.4 |
receives an OAS pension | $540.77 | $24,096 | $7,840 | 664,529 | $231.7 |
is an Allowance recipient | $540.77 | $43,728 | $7,840 | 50,661 | $24.2 |
Total - GIS Footnote 3 | not applicable | not applicable | not applicable | 2,006,142 | $1,009.3 |
Allowance | $1,142.22 | $33,744 | $7,840 | 50,655 | $25.5 |
Allowance for the Survivor | $1,361.56 | $24,552 | $8,720 | 22,280 | $16.2 |
Total - Allowance and Allowance for the Survivor Footnote 3 | not applicable | not applicable | not applicable | 72,935 | $41.7 |
CPP | QPP | |||||
---|---|---|---|---|---|---|
Year's maximum pensionable earnings (YMPE) (2019) | $57,400.00 | $57,400.00 | ||||
Year's basic exemption (2019) | $3,500.00 | $3,500.00 | ||||
Contributions (2017–2018) | $48,452 million | $14,700 million | ||||
Number of contributors (2016) | 14.1 million | (estimated) 4.1 million | ||||
Indexation rate (January 2019) | 2.3% | 2.3% | ||||
Base | Enhancement | Total | Base | Enhancement | Total | |
Contribution rate for employee/employer | 4.95% | 0.15% | 5.1% | 5.4% | 0.15% | 5.55% |
Employee/employer maximum contribution | $2,668.05 | $80.85 | $2,748.90 | $2,910.60 | $80.85 | $2,991.45 |
Contribution rate for self-employed | 9.9% | 0.3% | 10.2% | 10.8% | 0.3% | 11.1% |
Self-employed maximum contribution | $5,336.10 | $161.70 | $5,497.80 | $5,821.20 | $161.70 | $5,982.90 |
OAS | CPP | QPP |
---|---|---|
$53.7 | $47.1 | $14.9 |
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