Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – July to September 2020
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| 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 |
| 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 |
| 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
| 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 |
| 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 | CPP | QPP |
|---|---|---|
| $59.5 | $52.2 | $16.0 |
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