Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – October to December 2020
On this page
| New benefits Maximum amount 2020 |
Number of benefits June 2020 |
Amounts paid June 2020 |
||||
|---|---|---|---|---|---|---|
| CPPFootnote 1 | QPPFootnote 1 | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
| Retirement (at age 65) | $1,175.83 | $1,175.83 | 5,459,503 | 1,954,905 | $3,295.4 | $1,051.6 |
| Post–Retirement Benefit (CPP) (at age 65)Footnote 2 | $29.40 | not applicable | 4,463,055 | not applicable | $63.6 | not applicable |
| Retirement Pension Supplement (QPP) | not applicable | $22.46 | not applicable | 751,641 | not applicable | $24.2 |
| Disability | $1,387.66 | $1,387.63 | 335,920 | 58,921 | $321.5 | $58.3 |
| Survivor – younger than 65 | $638.28 | (Details QPP) | 213,574 | 58,942 | $93.9 | $43.1 |
| Survivor – 65 and older | $705.50 | $705.91 | 938,082 | 315,361 | $299.9 | $102.8 |
| Total - Survivor benefitsFootnote 3 | not applicable | not applicable | 1,151,656 | 374,303 | $393.9 | $145.9 |
| Children of disabled contributor | $255.03 | $80.97 | 85,336 | 6,647 | $21.8 | $0.7 |
| Children of deceased contributor | $255.03 | $255.03 | 65,697 | 12,125 | $16.7 | $3.2 |
| Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 15,845 | 5,774 | $39.3 | $14.2 |
| Total - CPP/QPP benefitsFootnote 3 | not applicable | not applicable | 7,113,957 | 2,412,675 | $4,152.2 | $1,298.0 |
| Combined benefits | ||||||
| Survivor/retirement (retirement at 65) |
$1,175.83 | $1,175.83 | 896,139 | 285,894 | $771.5 | $221.4 |
| Survivor/disability | $1,387.66 | not applicable | 13,724 | 1,793 | $15.0 | $2.2 |
| Total - Combined benefitsFootnote 3 | not applicable | not applicable | 909,863 | 287,687 | $786.5 | $223.6 |
| 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
| October to December 2020 | June 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 | $614.14 | not applicable | not applicable | 6,569,014 | $3,808.4 |
| Guaranteed Income Supplement (GIS) | |||||
| Single | $917.29 | $18,624 | $8,864 | 1,279,771 | $770.1 |
| Spouse/common-law partner of someone who: | |||||
| does not receive an OAS pension | $917.29 | $44,640 | $17,728 | 115,088 | $63.6 |
| receives an OAS pension | $552.18 | $24,576 | $7,936 | 702,640 | $251.6 |
| is an Allowance recipient | $552.18 | $44,640 | $7,936 | 51,409 | $24.5 |
| Total - GIS Footnote 3 | not applicable | not applicable | not applicable | 2,148,908 | $1,109.8 |
| Allowance | $1,166.32 | $34,416 | $7,936 | 51,396 | $25.6 |
| Allowance for the Survivor | $1,390.30 | $25,080 | $8,864 | 21,749 | $17.2 |
| Total - Allowance and Allowance for the Survivor Footnote 3 | not applicable | not applicable | not applicable | 73,145 | $42.8 |
| 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 (2018) | 14.6 million | (estimated) 4.2 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 | $51.5 | $16.0 |
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