Quarterly report of Canada Pension Plan and Old Age Security monthly amounts and related figures – January to March 2022
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New benefits Maximum amount 2022 |
Number of benefits October 2021 |
Amounts paid October 2021 |
||||
---|---|---|---|---|---|---|
CPPFootnote 1 | QPPFootnote 1 | CPP | QPP | CPP (in millions) |
QPP (in millions) |
|
Retirement (at age 65) | $1,253.59 | $1,253.59 | 5,659,294 | 1,997,560 | $3,449.9 | $1,089.6 |
Post–Retirement Benefit (CPP) (at age 65)Footnote 2 | $36.26 | not applicable | 5,088,610 | not applicable | $73.6 | not applicable |
Retirement Pension Supplement (QPP) | not applicable | $28.08 | not applicable | 801,111 | not applicable | $27.4 |
Disability | $1,464.83 | $1,463.83 | 331,580 | 55,184 | $321.2 | $54.8 |
Survivor: younger than 65 | $674.79 | (Details QPP) | 209,216 | 56,227 | $93.1 | $41.5 |
Survivor: 65 and older | $752.15 | $746.65 | 963,081 | 323,256 | $305.1 | $104.3 |
Total survivor benefitsFootnote 3 | not applicable | not applicable | 1,172,297 | 379,483 | $398.2 | $145.8 |
Children of disabled contributor | $264.53 | $83.99 | 69,801 | 6,206 | $18.0 | $0.6 |
Children of deceased contributor | $264.53 | $264.53 | 54,018 | 12,183 | $14.0 | $3.2 |
Death (maximum one-time payment) | $2,500.00 | $2,500.00 | 16,437 | 3,951 | $40.9 | $9.7 |
Total CPP and QPP benefitsFootnote 3 | not applicable | not applicable | 7,303,427 | 2,454,567 | $4,315.8 | $1,331.2 |
Combined benefits | ||||||
Survivor and retirement (retirement at 65) |
$1,257.13 | $1,258.49 | 928,553 | 295,576 | $806.3 | $231.3 |
Survivor and disability | $1,467.04 | not applicable | 13,462 | 1,714 | $14.8 | $2.1 |
Total: combined benefitsFootnote 3 | not applicable | not applicable | 942,015 | 297,290 | $821.1 | $233.4 |
Flat amount | Earnings-related portion | Total | |
---|---|---|---|
CPP disability benefit | $524.64 | $940.19 | $1,464.83 |
CPP post-retirement disability benefitFootnote 4 | $524.64 | $0.00 | $524.64 |
CPP survivor benefit: younger than 65 | $204.69 | $470.10 | $674.79 |
QPP disability benefit | $524.61 | $939.22 | $1,463.83 |
QPP additional amount for disabilityFootnote 4 | $524.61 | $0.00 | $524.61 |
QPP survivor benefit: younger than 45 | |||
---|---|---|---|
Flat amount | Earnings-related portion | Total | |
Not disabled, no child | $134.37 | $468.49 | $602.86 |
Not disabled, with child | $487.12 | $468.49 | $955.61 |
Disabled | $524.61 | $468.49 | $993.10 |
QPP survivors: age 45 to 64 | $524.61 | $468.49 | $993.10 |
January to March 2022 | October 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 | $642.25 | not applicable | not applicable | 6,830,465 | $4,097.7 |
Guaranteed Income Supplement (GIS) | |||||
Single | $959.26 | $19,464 | $9,152 | 1,295,597 | $793.5 |
Spouse or common-law partner of someone who: | |||||
does not receive an OAS pension | $959.26 | $46,656 | $18,304 | 126,114 | $64.1 |
receives an OAS pension | $577.43 | $25,728 | $8,128 | 722,345 | $265.9 |
is an Allowance recipient | $577.43 | $46,656 | $8,128 | 52,212 | $24.8 |
Total GIS Footnote 3 | not applicable | not applicable | not applicable | 2,196,268 | $1,148.3 |
Allowance | $1,219.68 | $36,048 | $8,128 | 52,207 | $24.6 |
Allowance for the Survivor | $1,453.93 | $26,256 | $9,152 | 19,701 | $14.6 |
Total Allowance and Allowance for the Survivor Footnote 3 | not applicable | not applicable | not applicable | 71,908 | $39.2 |
CPP | QPP | |||||
---|---|---|---|---|---|---|
Year's maximum pensionable earnings (YMPE) (2022) | $64,900.00 | $64,900.00 | ||||
Year's basic exemption (2022) | $3,500.00 | $3,500.00 | ||||
Contributions (2020 to 2021) | $55,331 million | $17,161 million | ||||
Number of contributors (2019) | 14.9 million | (estimated) 4.2 million | ||||
Indexation rate (January 2022) | 2.7% | 2.7% | ||||
Base | Enhancement | Total | Base | Enhancement | Total | |
Contribution rate for employee and employer | 4.95% | 0.75% | 5.70% | 5.40% | 0.75% | 6.15% |
Employee and employer maximum contribution | $3,039.30 | $460.50 | $3,499.80 | $3,315.60 | $460.50 | $3,776.10 |
Contribution rate for self-employed | 9.90% | 1.50% | 11.40% | 10.80% | 1.50% | 12.30% |
Self-employed maximum contribution | $6,078.60 | $921.00 | $6,999.60 | $6,631.20 | $921.00 | $7,552.20 |
OAS | CPP | QPP |
---|---|---|
$62.4 | $53.7 | $16.6 |
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