Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures: January to March 2021
On this page
New benefits Maximum amount 2021 |
Number of benefits September 2020 |
Amounts paid September 2020 |
||||
---|---|---|---|---|---|---|
CPPFootnote 1 | QPPFootnote 1 | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
Retirement (at age 65) | $1,203.75 | $1,203.75 | 5,496,681 | 1,967,461 | $3,317.7 | $1,054.9 |
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 | $30.09 | not applicable | 4,517,147 | not applicable | $64.2 | not applicable |
Retirement Pension Supplement (QPP) | not applicable | $23.00 | not applicable | 751,656 | not applicable | $24.2 |
Disability | $1,413.66 | $1,413.63 | 336,581 | 57,944 | $322.2 | $57.0 |
Survivor: younger than 65 | $650.72 | (Details QPP) | 212,600 | 58,249 | $93.5 | $43.0 |
Survivor: 65 and older | $722.25 | $712.55 | 943,343 | 318,273 | $300.5 | $103.7 |
Total survivor benefitsFootnote 3 | not applicable | not applicable | 1,155,943 | 376,522 | $394.0 | $146.7 |
Children of disabled contributor | $257.58 | $81.78 | 85,758 | 6,584 | $21.9 | $0.7 |
Children of deceased contributor | $257.58 | $257.58 | 65,938 | 12,082 | $16.8 | $3.2 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 13,457 | 5,317 | $33.4 | $13.0 |
Total CPP and QPP benefitsFootnote 3 | not applicable | not applicable | 7,154,358 | 2,425,910 | $4,170.2 | $1,299.7 |
Combined benefits | ||||||
Survivor and retirement (retirement at 65) |
$1,203.75 | $1,203.75 | 902,833 | 289,135 | $776.7 | $223.9 |
Survivor and disability | $1,413.66 | not applicable | 13,725 | 1,775 | $14.9 | $2.2 |
Total: combined benefitsFootnote 3 | not applicable | not applicable | 916,558 | 290,910 | $791.6 | $226.0 |
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 |
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.
January to March 2021 | September 2020 | ||||
---|---|---|---|---|---|
Maximum amount Footnote 5 | Income level cut-off Footnote 6 | Income level cut-off for top-ups Footnote 6 | Number of benefitsFootnote 9 | Amount paid (in millions)Footnote 9 | |
Old Age Security pension (at age 65) Footnote 7, Footnote 8 | $615.37 | not applicable | not applicable | 6,628,786 | $3,840.6 |
Guaranteed Income Supplement (GIS) | |||||
Single | $919.12 | $18,648 | $8,864 | 1,180,058 | $699.2 |
Spouse or common-law partner of someone who: | |||||
does not receive an OAS pension | $919.12 | $44,688 | $17,728 | 111,139 | $59.9 |
receives an OAS pension | $553.28 | $24,624 | $7,936 | 679,316 | $239.5 |
is an Allowance recipient | $553.28 | $44,688 | $7,936 | 54,594 | $26.2 |
Total GIS Footnote 3 | not applicable | not applicable | not applicable | 2,025,107 | $1,024.8 |
Allowance | $1,168.65 | $34,512 | $7,936 | 54,587 | $27.8 |
Allowance for the Survivor | $1,393.08 | $25,152 | $8,864 | 20,156 | $15.4 |
Total Allowance and Allowance for the Survivor Footnote 3 | not applicable | not applicable | not applicable | 74,743 | $43.2 |
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) | 1.0% | 1.0% | ||||
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% | 1.0% | 10.9% | 10.8% | 1.0% | 11.8% |
Self-employed maximum contribution | $5,751.90 | $581.00 | $6,332.90 | $6,274.80 | $581.00 | $6,855.80 |
OAS | CPP | QPP |
---|---|---|
$59.5 | $51.5 | $16.0 |
Contact us
Telephone: 1-800-277-9914
TTY: 1-800-255-4786
Page details
- Date modified: