Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - January to March 2020

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Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) - Type of benefit
New benefits

Maximum amount 2020
Number of benefits

October 2019
Amounts paid

October 2019
CPPFootnote 1 QPPFootnote 1 CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,175.83 $1,175.83 5,361,695 1,932,625 $3,171.7 $1,014.5
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 $29.40 not applicable 3,883,250 not applicable $53.6 not applicable
Retirement Pension Supplement (QPP) not applicable $22.46 not applicable 698,929 not applicable $21.0
Disability $1,387.66 $1,387.63 335,403 60,126 $314.4 $59.6
Survivor – younger than 65 $638.28 (Details QPP) 216,273 60,536 $93.2 $43.5
Survivor – 65 and older $705.50 $705.91 928,183 314,346 $294.2 $101.2
Total - Survivor benefitsFootnote 3 not applicable not applicable 1,144,456 374,882 $387.4 $144.7
Children of disabled contributor $255.03 $80.97 73,802 6,673 $18.5 $0.7
Children of deceased contributor $255.03 $255.03 53,551 12,210 $13.4 $3.2
Death (maximum one-time payment) $2,500.00 $2,500.00 12,036 5,320 $29.7 $13.0
Total - CPP/QPP benefitsFootnote 3 not applicable not applicable 6,980,943 2,391,836 $3,988.8 $1,256.7
Combined benefits
Survivor/retirement
(retirement at 65)
$1,175.83 $1,175.83 882,024 283,415 $745.5 $215.4
Survivor/disability $1,387.66 not applicable 13,847 1,837 $14.8 $2.2
Total - Combined benefitsFootnote 3 not applicable not applicable 895,871 285,252 $760.3 $217.6
Disability and survivor amounts
Flat amount Earnings-related portion Total
CPP disability benefit $505.79 $881.87 $1,387.66
CPP post-retirement disability benefitFootnote 4 $505.79 $0.00 $505.79
CPP survivor benefit – younger than 65 $197.34 $440.94 $638.28
QPP disability benefit $505.76 $881.87 $1,387.63
QPP additional amount for disabilityFootnote 4 $505.76 $0.00 $505.76
Details of QPP benefits
QPP survivor benefit – younger than 45
Flat amount Earnings-related portion Total
Not disabled, no child $129.54 $441.20 $570.74
Not disabled, with child $469.61 $441.20 $910.81
Disabled $505.76 $441.20 $946.96
QPP survivors - age 45 to 64 $505.76 $441.20 $946.96

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 5 years

Disability:

(retirement x 0.75) + flat amount ($505.79)

Survivor:

  • younger than 65: (retirement x 0.375) + flat amount ($197.34)
  • 65 and older: retirement x 0.60

Post Retirement:

1/40 of the retirement benefit

Old Age Security (OAS) - Type of benefit
January to March 2020 October 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 6,424,855 $3,724.3
Guaranteed Income Supplement (GIS)
Single $916.38 $18,600 $8,816 1,235,638 $741.0
Spouse/common-law partner of someone who:
does not receive an OAS pension $916.38 $44,592 $17,632 105,965 $58.5
receives an OAS pension $551.63 $24,576 $7,936 685,273 $245.6
is an Allowance recipient $551.63 $44,592 $7,936 50,729 $24.8
Total - GIS Footnote 3 not applicable not applicable not applicable 2,077,605 $1,070.0
Allowance $1,165.16 $34,416 $7,936 50,717 $25.8
Allowance for the Survivor $1,388.92 $25,056 $8,816 21,537 $16.3
Total - Allowance and Allowance for the Survivor Footnote 3 not applicable not applicable not applicable 72,254 $42.1
Other CPP/QPP figures
CPP QPP
Year's maximum pensionable earnings (YMPE) (2020) $58,700.00 $58,700.00
Year's basic exemption (2020) $3,500.00 $3,500.00
Contributions (2018 to 2019) $51,184 million $15,700 million
Number of contributors (2017) 14.3 million (estimated) 4.1 million
Indexation rate (January 2020) 1.9% 1.9%
Base Enhancement Total Base Enhancement Total
Contribution rate for employee/employer 4.95% 0.30% 5.25% 5.4% 0.3% 5.7%
Employee/employer maximum contribution $2,732.40 $165.60 $2,898.00 $2,980.80 $165.60 $3,146.40
Contribution rate for self-employed 9.9% 0.6% 10.5% 10.8% 0.6% 11.4%
Self-employed maximum contribution $5,464.80 $331.20 $5,796.00 $5,961.60 $331.20 $6,292.80
OAS and CPP/QPP forecasted expenditures, 2019 to 2020 (in billions)
OAS CPP QPP
$56.2 $50.1 $15.6

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