Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures - April to June 2016
| New benefits maximum amount 2016 | Number of benefits January 2016 |
Amounts paid January 2016 |
||||
|---|---|---|---|---|---|---|
| CPP | QPP | CPP | QPP | CPP (in millions) | QPP (in millions) | |
| Retirement (at age 65) | $1,092.50 | $1,092.50 | 4,776,592 | 1,735,684 | $2,662.7 | $864.3 |
| Post–Retirement Benefit (CPP) (at age 65) Footnote 1 | $27.31 | 1,495,147 | $18.2 | |||
| Retirement Pension Supplement (QPP) Footnote 1 | $20.88 | 466,840 | $10.3 | |||
| Disability | $1,290.81 | $1,290.78 | 334,096 | 65,050 | $296.6 | $62.4 |
| Survivor – younger than 65 | $593.62 | (see Note 1) | 224,723 | 68,604 | $88.2 | $46.7 |
| Survivor – 65 and older | $655.50 | $655.50 | 865,654 | 297,059 | $272.4 | $94.4 |
| Total - Survivor benefits Footnote 2 | 1,090,377 | 365,663 | $360.5 | $141.1 | ||
| Children of disabled contributor | $237.69 | $75.46 | 78,257 | 6,721 | $18.6 | $0.7 |
| Children of deceased contributor | $237.69 | $237.69 | 60,876 | 13,024 | $14.4 | $3.2 |
| Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 12,765 | 4,381 | $29.3 | $10.8 |
| Total - CPP/QPP benefits Footnote 2 | 6,352,963 | 2,190,523 | $3,400.4 | $1,092.8 | ||
| Combined benefits | ||||||
| Survivor/retirement (retirement at 65) |
$1,092.50 | $1,092.50 | 803,140 | 257,496 | $642.7 | $184.9 |
| Survivor/disability | $1,290.81 | Not applicable | 14,182 | 2,234 | $14.6 | $2.6 |
| Total - Combined benefits Footnote 2 | 817,322 | 259,730 | $657.3 | $187.5 | ||
| Flat amount | Earnings-related portion | Total | |
|---|---|---|---|
| CPP disability benefit | $471.43 | $819.38 | $1,290.81 |
| CPP survivor benefit – younger than 65 | $183.93 | $409.69 | $593.62 |
| QPP disability benefit | $471.40 | $819.38 | $1,290.78 |
| Flat amount | Earnings-related portion | Total | |
|---|---|---|---|
| QPP survivor benefit – younger than 45 (Return to note 1) | |||
| Not disabled, no child | $120.73 | $409.69 | $530.42 |
| Not disabled, with child | $437.70 | $409.69 | $847.39 |
| Disabled | $471.40 | $409.69 | $881.09 |
| QPP survivors - age 45 to 64 | $471.40 | $409.69 | $881.09 |
Calculation of CPP maximum monthly amounts for new benefits
Retirement:
25% of 1/12 of the average year's maximum pensionable earnings (YMPE) for the last five years
Disability:
(retirement x 0.75) + flat amount ($471.43)
Survivor:
- younger than 65: (retirement x 0.375) + flat amount ($183.93)
- 65 and older: retirement x 0.60
| April to June 2016 | January 2016 | ||||
|---|---|---|---|---|---|
| Maximum amount Footnote 3 | Income level cut-off Footnote 4 | Income level cut-off for top-ups Footnote 4 | Number of benefits | Amount paid (in millions) | |
| Old Age Security pension Footnote 5 | $570.52 | Not applicable | 5,684,289 | $3,067.0 | |
| Guaranteed Income Supplement (GIS) | |||||
| Single | $773.60 | $17,304 | $4,592 | 1,112,118 | $582.2 |
| Spouse/common-law partner of someone who: | |||||
| does not receive an OAS pension | $773.60 | $41,472 | $9,184 | 88,392 | $46.9 |
| receives an OAS pension | $512.96 | $22,848 | $7,648 | 610,040 | $201.2 |
| is an Allowance recipient | $512.96 | $41,472 | $7,648 | 52,440 | $23.5 |
| Total - GIS Footnote 2 | 1,862,990 | $853.8 | |||
| Allowance | $1,083.48 | $32,016 | $7,648 | 52,431 | $25.1 |
| Allowance for the Survivor | $1,213.00 | $23,328 | $4,592 | 22,187 | $16.4 |
| Total - Allowance and Allowance for the Survivor Footnote 2 | 74 618 | $41.5 | |||
| OAS | GIS | Allowance | Total |
|---|---|---|---|
| $37,086 | $10,804 | $516 | $48,407 |
| CPP | QPP | |
|---|---|---|
| Year's maximum pensionable earnings (YMPE) (2016) | $54,900.00 | $54,900.00 |
| Year's basic exemption (2016) | $3,500.00 | $3,500.00 |
| Employee/employer maximum contribution | (4.95%) $2,544.30 | (5.325%) $2,737.05 |
| Self-employed maximum contribution | (9.9%) $5,088.60 | (10.65%) $5,474.10 |
| Account balance (March 2015) | $269,043 million | $43,149 million |
| Contributions (2014-2015) | $45,046 million | $12,687 million |
| Number of contributors (2013) | 13.7 million | (estimated) 4.0 million |
| Indexation rate (January 2016) | 1.2% | 1.2% |
| CPP | QPP |
|---|---|
| $43,619 | $13,786 |
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