Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - October to December 2019
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| New benefits Maximum amount 2019 |
Number of benefits July 2019 |
Amounts paid July 2019 |
||||
|---|---|---|---|---|---|---|
| CPPFootnote 1 | QPPFootnote 1 | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $1,154.58 | $1,154.58 | 5,322,242 | 1,920,871 | $3,147.3 | $1,008.8 |
| Post–Retirement Benefit (CPP) (at age 65)Footnote 2 | $28.86 | not applicable | 3,834,623 | not applicable | $53.0 | not applicable |
| Retirement Pension Supplement (QPP) | not applicable | $21.83 | not applicable | 698,665 | not applicable | $21.0 |
| Disability | $1,362.30 | $1,362.27 | 337,737 | 60,580 | $316.7 | $60.1 |
| Survivor – younger than 65 | $626.63 | (Details QPP) | 216,742 | 61,177 | $93.4 | $43.8 |
| Survivor – 65 and older | $692.75 | $692.75 | 921,956 | 312,981 | $293.3 | $100.9 |
| Total - Survivor benefitsFootnote 3 | not applicable | not applicable | 1,138,698 | 374,158 | $386.7 | $144.7 |
| Children of disabled contributor | $250.27 | $79.46 | 87,312 | 6,726 | $21.9 | $0.7 |
| Children of deceased contributor | $250.27 | $250.27 | 65,936 | 12,211 | $16.5 | $3.1 |
| Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 12,869 | 4,217 | $31.7 | $10.3 |
| Total - CPP/QPP benefitsFootnote 3 | not applicable | not applicable | 6,964,794 | 2,378,763 | $3,973.8 | $1,248.7 |
| Combined benefits | ||||||
| Survivor/retirement (retirement at 65) |
$1,154.58 | $1,154.58 | 874,962 | 281,614 | $739.7 | $214.1 |
| Survivor/disability | $1,362.30 | not applicable | 13,926 | 1,868 | $14.9 | $2.2 |
| Total - Combined benefitsFootnote 3 | not applicable | not applicable | 888,888 | 283,482 | $754.7 | $216.3 |
| 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
| October to December 2019 | July 2019 | ||||
|---|---|---|---|---|---|
| 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 | $613.53 | not applicable | not applicable | 6,367,900 | $3,646.9 |
| Guaranteed Income Supplement (GIS) | |||||
| Single | $916.38 | $18,600 | $8,816 | 1,189,110 | $697.4 |
| Spouse/common-law partner of someone who: | |||||
| does not receive an OAS pension | $916.38 | $44,592 | $17,632 | 98,599 | $52.6 |
| receives an OAS pension | $551.63 | $24,576 | $7,936 | 663,856 | $232.8 |
| is an Allowance recipient | $551.63 | $44,592 | $7,936 | 49,210 | $23.5 |
| Total - GIS Footnote 3 | not applicable | not applicable | not applicable | 2,000,775 | $1,006.3 |
| Allowance | $1,165.16 | $34,416 | $7,936 | 49,205 | $24.4 |
| Allowance for the Survivor | $1,388.92 | $25,056 | $8,816 | 20,536 | $15.1 |
| Total - Allowance and Allowance for the Survivor Footnote 3 | not applicable | not applicable | not applicable | 69,741 | $39.5 |
| 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 (2017) | 14.3 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 |
|---|---|---|
| $56.2 | $50.1 | $15.6 |
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