Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – July to September 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

March 2020
Amounts paid

March 2020
CPPFootnote 1 QPPFootnote 1 CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,175.83 $1,175.83 5,418,331 1,948,371 $3,271.0 $1,042.9
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 $29.40 not applicable 3,971,954 not applicable $55.9 not applicable
Retirement Pension Supplement (QPP) not applicable $22.46 not applicable 736,964 not applicable $23.4
Disability $1,387.66 $1,387.63 333,810 59,546 $319.2 $60.1
Survivor – younger than 65 $638.28 (Details QPP) 214,915 59,558 $94.5 $43.5
Survivor – 65 and older $705.50 $705.91 934,731 315,231 $300.1 $102.9
Total - Survivor benefitsFootnote 3 not applicable not applicable 1,149,646 374,789 $394.6 $146.4
Children of disabled contributor $255.03 $80.97 82,743 6,623 $21.1 $0.6
Children of deceased contributor $255.03 $255.03 63,015 12,143 $16.1 $3.2
Death (maximum one-time payment) $2,500.00 $2,500.00 15,369 5,012 $38.1 $12.3
Total - CPP/QPP benefitsFootnote 3 not applicable not applicable 7,062,914 2,406,484 $4,115.9 $1,288.9
Combined benefits
Survivor/retirement
(retirement at 65)
$1,175.83 $1,175.83 889,917 285,181 $766.8 $220.9
Survivor/disability $1,387.66 not applicable 13,706 1,814 $15.0 $2.2
Total - Combined benefitsFootnote 3 not applicable not applicable 903,623 286,995 $781.8 $223.1
Disability and survivor amounts 2020
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
July to September 2020 March 2020
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 6,511,860 $3,771.1
Guaranteed Income Supplement (GIS)
Single $916.38 $18,600 $8,816 1,257,008 $755.0
Spouse/common-law partner of someone who:
does not receive an OAS pension $916.38 $44,592 $17,632 110,218 $60.2
receives an OAS pension $551.63 $24,576 $7,936 690,553 $248.3
is an Allowance recipient $551.63 $44,592 $7,936 52,013 $25.1
Total - GIS Footnote 3 not applicable not applicable not applicable 2,109,792 $1,088.6
Allowance $1,165.16 $34,416 $7,936 52,002 $26.1
Allowance for the Survivor $1,388.92 $25,056 $8,816 21,487 $16.3
Total - Allowance and Allowance for the Survivor Footnote 3 not applicable not applicable not applicable 73,489 $42.4
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, 2020 to 2021 (in billions)
OAS CPP QPP
$59.5 $52.2 $16.0

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