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

June 2021
Amounts paid

June 2021
CPPFootnote 1 QPPFootnote 1 CPP QPP CPP
(in millions)
QPP
(in millions)
Retirement (at age 65) $1,203.75 $1,203.75 5,614,041 1,989,215 $3,419.5 $1,079.7
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 $30.09 not applicable 4,931,671 not applicable $71.2 not applicable
Retirement Pension Supplement (QPP) not applicable $23.00 not applicable 800,579 not applicable $27.1
Disability $1,413.66 $1,413.63 333,991 55,909 $323.3 $56.1
Survivor: younger than 65 $650.72 (Details QPP) 210,324 57,045 $93.5 $42.2
Survivor: 65 and older $722.25 $712.55 956,182 321,397 $304.2 $104.5
Total survivor benefitsFootnote 3 not applicable not applicable 1,166,506 378,442 $397.7 $146.7
Children of disabled contributor $257.58 $81.78 83,103 6,301 $21.4 $0.7
Children of deceased contributor $257.58 $257.58 63,855 12,228 $16.4 $3.2
Death (maximum one-time payment) $2,500.00 $2,500.00 13,770 4,896 $34.3 $12.0
Total CPP and QPP benefitsFootnote 3 not applicable not applicable 7,275,266 2,446,991 $4,283.8 $1,325.5
Combined benefits
Survivor and retirement
(retirement at 65)
$1,203.75 $1,203.75 920,052 293,958 $799.0 $230.0
Survivor and disability $1,413.66 not applicable 13,607 1,743 $14.9 $2.1
Total: combined benefitsFootnote 3 not applicable not applicable 933,659 295,701 $813.9 $232.1
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
October to December 2021 June 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 $635.26 not applicable not applicable 6,762,207 $3,944.5
Guaranteed Income Supplement (GIS)
Single $948.82 $19,248 $9,056 1,316,793 $795.2
Spouse or common-law partner of someone who:
does not receive an OAS pension $948.82 $46,128 $18,112 126,218 $67.8
receives an OAS pension $571.15 $25,440 $8,032 734,544 $263.6
is an Allowance recipient $571.15 $46,128 $8,032 58,015 $27.5
Total GIS Footnote 3 not applicable not applicable not applicable 2,235,570 $1,154.1
Allowance $1,206.41 $35,616 $8,032 57,997 $28.1
Allowance for the Survivor $1,438.11 $25,920 $9,056 22,449 $17.5
Total Allowance and Allowance for the Survivor Footnote 3 not applicable not applicable not applicable 80,446 $45.6
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 (2019) 14.9 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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