Infographic: Canada Pension Plan (CPP) Evaluation
Description
By providing working Canadians and their families with a reasonable minimum level of income in the case of retirement, disability or death, the CPP has a positive effect on the well being of Canadians and significantly reduces the risk of poverty.
The CPP supports building a stronger and more inclusive country by improving Canadians’ standard of living and quality of life.
- Retirement pension to working Canadians
- Disability benefits to the contributor and their children when a disability prohibits working
- Pension-sharing and credit-splitting for couples
- Benefits to survivors in the event of a contributor’s death
Recent trends
- Almost 100% of eligible Canadians receive a CPP retirement pension by age 70
- The CPP retirement pension represents more than 75% of total CPP benefits paid
- Women now make up more than 50% of all beneficiaries due to increased presence in the labour force
- Beneficiaries over 80 years of age have increased by 53%
- CPP retirement pension benefits now comprise 20–25% of seniors’ retirement income
Recommendations to improve the program
- Address factors that slow benefit processing times
- Improve Service Canada’s website navigation
- Increase understanding of the program among Indigenous peoples, older seniors and working age Canadians
- Provide strategic information to enhance program performance data
Visit Canada.ca/cpp-summative-evaluation for the full report.
Employment and Social Development Canada / Emploi et Développement social Canada
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Download Canada Pension Plan (CPP) Evaluation [PDF - 82KB]