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Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – April to June 2021

Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – April to June 2021 [PDF - 407 KB]

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

Maximum amount 2021		 Number of benefits

January 2021		 Amounts paid

January 2021
CPPFootnote 1 QPPFootnote 1 CPP QPP CPP
(in millions)		 QPP
(in millions)
Retirement (at age 65) $1,203.75 $1,203.75 5,553,772 1,974,320 $3,383.6 $1,070.6
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 $30.09 not applicable 4,512,311 not applicable $64.7 not applicable
Retirement Pension Supplement (QPP) not applicable $23.00 not applicable 752,534 not applicable $24.5
Disability $1,413.66 $1,413.63 336,441 57,139 $325.4 $57.1
Survivor: younger than 65 $650.72 (Details QPP) 211,506 57,880 $94.0 $42.7
Survivor: 65 and older $722.25 $712.55 948,367 319,291 $303.5 $104.1
Total survivor benefitsFootnote 3 not applicable not applicable 1,159,873 377,171 $397.5 $146.8
Children of disabled contributor $257.58 $81.78 75,350 6,447 $19.4 $0.6
Children of deceased contributor $257.58 $257.58 57,119 12,186 $14.7 $3.2
Death (maximum one-time payment) $2,500.00 $2,500.00 12,830 5,747 $31.9 $14.2
Total CPP and QPP benefitsFootnote 3 not applicable not applicable 7,195,385 2,433,010 $4,237.3 $1,317.1
Combined benefits
Survivor and retirement
(retirement at 65)		 $1,203.75 $1,203.75 911,938 290,654 $791.7 $227.3
Survivor and disability $1,413.66 not applicable 13,741 1,783 $15.1 $2.2
Total: combined benefitsFootnote 3 not applicable not applicable 925,679 292,437 $806.8 $229.5
Disability and survivor amounts 2021
Flat amount Earnings-related portion Total
CPP disability benefit $510.85 $902.81 $1,413.66
CPP post-retirement disability benefitFootnote 4 $510.85 $0.00 $510.85
CPP survivor benefit: younger than 65 $199.31 $451.41 $650.72
QPP disability benefit $510.82 $902.81 $1,413.63
QPP additional amount for disabilityFootnote 4 $510.82 $0.00 $510.82
Details of QPP benefits
QPP survivor benefit: younger than 45
Flat amount Earnings-related portion Total
Not disabled, no child $130.84 $445.35 $576.19
Not disabled, with child $474.31 $445.35 $919.66
Disabled $510.82 $445.35 $956.17
QPP survivors: age 45 to 64 $510.82 $445.35 $956.17

Calculation of CPP maximum monthly amounts for new benefits

Retirement:

25% of 1 over 12 of the average year's maximum pensionable earnings (YMPE) for the last 5 years.

Disability:

(retirement x 0.75) + flat amount ($510.85).

Survivor:

  • younger than 65: (retirement x 0.375) + flat amount ($199.31)
  • 65 and older: retirement x 0.60

Post Retirement:

1 over 40 of the retirement benefit.

Legend: $M = millions of dollars

Old Age Security (OAS): Type of benefit
April to June 2021 January 2021
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 $618.45 not applicable not applicable 6,692,117 $3,885.0
Guaranteed Income Supplement (GIS)
Single $923.71 $18,744 $8,912 1,292,072 $776.9
Spouse or common-law partner of someone who:
does not receive an OAS pension $923.71 $44,928 $17,824 122,289 $67.1
receives an OAS pension $556.04 $24,768 $7,936 726,412 $261.1
is an Allowance recipient $556.04 $44,928 $7,936 59,308 $28.6
Total GIS Footnote 3 not applicable not applicable not applicable 2,200,081 $1,133.7
Allowance $1,174.49 $34,704 $7,936 59,297 $30.1
Allowance for the Survivor $1,400.05 $25,272 $8,912 21,577 $16.7
Total Allowance and Allowance for the Survivor Footnote 3 not applicable not applicable not applicable 80,874 $46.8
Other CPP and QPP figures
CPP QPP
Year's maximum pensionable earnings (YMPE) (2021) $61,600.00 $61,600.00
Year's basic exemption (2021) $3,500.00 $3,500.00
Contributions (2019 to 2020) $56,142 million $16,300 million
Number of contributors (2018) 14.6 million (estimated) 4.2 million
Indexation rate (January 2021) 1% 1%
Base Enhancement Total Base Enhancement Total
Contribution rate for employee and employer 4.95% 0.5% 5.45% 5.4% 0.5% 5.9%
Employee and employer maximum contribution $2,875.95 $290.50 $3,166.45 $3,137.40 $290.50 $3,427.90
Contribution rate for self-employed 9.9% 1% 10.9% 10.8% 1% 11.8%
Self-employed maximum contribution $5,751.90 $581.00 $6,332.90 $6,274.80 $581.00 $6,855.80

Legend: $M = millions of dollars

OAS and CPP and QPP forecasted expenditures, 2020 to 2021 (in billions)
OAS CPP QPP
$59.5 $51.5 $16.0

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