Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures: January to March 2021

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

Old Age Security (OAS): Type of 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
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) 1.0% 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 and CPP and QPP forecasted expenditures, 2020 to 2021 (in billions)
OAS CPP QPP
$59.5 $51.5 $16.0

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