Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – July to September 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

March 2021
Amounts paid

March 2021
CPPFootnote 1 QPPFootnote 1 CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,203.75 $1,203.75 5,581,326 1,977,950 $3,397.2 $1,073.8
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 $30.09 not applicable 4,534,322 not applicable $65.0 not applicable
Retirement Pension Supplement (QPP) not applicable $23.00 not applicable 777,078 not applicable $25.8
Disability $1,413.66 $1,413.63 335,788 56,746 $325.1 $57.3
Survivor: younger than 65 $650.72 (Details QPP) 211,119 57,616 $93.8 $42.5
Survivor: 65 and older $722.25 $712.55 950,922 319,858 $303.6 $104.2
Total survivor benefitsFootnote 3 not applicable not applicable 1,162,041 377,474 $397.4 $146.7
Children of disabled contributor $257.58 $81.78 79,779 6,394 $20.6 $0.7
Children of deceased contributor $257.58 $257.58 61,084 12,253 $15.7 $3.3
Death (maximum one-time payment) $2,500.00 $2,500.00 16,153 5,628 $40.3 $13.9
Total CPP and QPP benefitsFootnote 3 not applicable not applicable 7,236,171 2,436,445 $4,261.1 $1,321.4
Combined benefits
Survivor and retirement
(retirement at 65)
$1,203.75 $1,203.75 914,994 291,557 $794.4 $228.1
Survivor and disability $1,413.66 not applicable 13,719 1,774 $15.1 $2.2
Total: combined benefitsFootnote 3 not applicable not applicable 928,713 293,331 $809.5 $230.2
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
July to September 2021 March 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 $626.49 not applicable not applicable 6,713,251 $3,893.8
Guaranteed Income Supplement (GIS)
Single $935.72 $18,984 $8,960 1,299,683 $777.5
Spouse or common-law partner of someone who:
does not receive an OAS pension $935.72 $45,504 $17,920 123,272 $65.2
receives an OAS pension $563.27 $25,104 $8,032 727,435 $259.6
is an Allowance recipient $563.27 $45,504 $8,032 59,074 $28.1
Total GIS Footnote 3 not applicable not applicable not applicable 2,209,464 $1,130.4
Allowance $1,189.76 $35,136 $8,032 59,061 $28.8
Allowance for the Survivor $1,418.25 $25,560 $8,960 21,163 $16.1
Total Allowance and Allowance for the Survivor Footnote 3 not applicable not applicable not applicable 80,224 $44.9
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, 2021 to 2022 (in billions)
OAS CPP QPP
$62.4 $53.7 $16.6

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