Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – July to September 2021
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| 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 |
| 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.
Legend: $M = millions of dollars
| 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 |
| 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 | CPP | QPP |
|---|---|---|
| $62.4 | $53.7 | $16.6 |
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