Quarterly Canada Pension Plan and Old Age Security benefit amounts and related figures – October to December 2023

Quarterly Canada Pension Plan and Old Age Security benefit amounts and related figures – October to December 2023 [PDF - 298 KB]

**Canada Pension Plan (CPP) and Quebec Pension Plan (QPP): Type of benefit**
	CPP^{Footnote 1}	QPP^{Footnote 1}
	New benefits Maximum amount 2023
Retirement (at age 65)	$1,306.57	$1,306.57
Post–Retirement Benefit (CPP) (at age 65)^{Footnote 2}	$40.25	not applicable
Retirement Pension Supplement (QPP)	not applicable	$31.72
Disability	$1,538.67	$1,537.13
CPP post-retirement disability benefit^{Footnote 3}	$558.74	not applicable
Survivor: younger than 65	$707.95	(Details QPP)
Survivor: 65 and older	$783.94	$804.13
Children of disabled contributor	$281.72	$89.45
Children of deceased contributor	$281.72	$281.72
Death (maximum one-time payment)	$2,500.00	$2,500.00
Combined benefits
Survivor and retirement (retirement at 65)	$1,313.13	$1,315.95
Survivor and disability	$1,542.77	$1,868.59

**Disability and survivor amounts 2023**
	Flat amount	Earnings-related portion	Total
CPP disability benefit	$558.74	$979.93	$1,538.67
CPP post-retirement disability benefit^{Footnote 3}	$558.74	$0.00	$558.74
CPP survivor benefit: younger than 65	$217.99	$489.96	$707.95
QPP disability benefit	$558.71	$978.42	$1,537.13
QPP additional amount for disability^{Footnote 3}	$558.71	$0.00	$558.71

**Details of QPP benefits**
QPP survivor benefit: younger than 45
	Flat amount	Earnings-related portion	Total
Not disabled, no child	$143.10	$506.10	$649.20
Not disabled, with child	$518.78	$506.10	$1,024.88
Disabled	$558.71	$506.10	$1,064.81
QPP survivors: age 45 to 64	$558.71	$506.10	$1,064.81

**Old Age Security (OAS): Type of benefit**
	Maximum amount ^{Footnote 4}	Income level cut-off ^{Footnote 5}	Income level cut-off for top-ups ^{Footnote 5}
	October to December 2023
Old Age Security pension (at age 65 to 74) ^{Footnote 6}, ^{Footnote 7}	$707.68	not applicable	not applicable
Old Age Security pension (age 75 and over) ^{Footnote 6}, ^{Footnote 7}	$778.45	not applicable	not applicable
Guaranteed Income Supplement (GIS)
Single	$1,057.01	$21,456	$9,872
Spouse or common-law partner of someone who:
does not receive an OAS pension	$1,057.01	$51,408	$19,744
receives an OAS pension	$636.26	$28,320	$8,512
is an Allowance recipient	$636.26	$39,648	$8,512
Allowance	$1,343.94	$39,648	$8,512
Allowance for the Survivor	$1,602.07	$28,872	$9,872

**Other CPP and QPP figures**
	CPP			QPP
Year's maximum pensionable earnings (YMPE) (2023)	$66,600.00			$66,600.00
Year's basic exemption (2023)	$3,500.00			$3,500.00
Contributions (2021 to 2022)	$64,640 million			$18,400 million
Number of contributors (2021)	14.7 million			(estimated) 4.3 million
Indexation rate (January 2023)	6.5%			6.5%
	Base	Enhancement	Total	Base	Enhancement	Total
Contribution rate for employee and employer	4.95%	1.00%	5.95%	5.40%	1.00%	6.40%
Employee and employer maximum contribution	$3,123.45	$631.00	$3,754.45	$3,407.40	$631.00	$4,038.40
Contribution rate for self-employed	9.90%	2.00%	11.90%	10.80%	2.00%	12.80%
Self-employed maximum contribution	$6,246.90	$1,262.00	$7,508.90	$6,814.80	$1,262.00	$8,076.80

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Footnotes

Footnote 1

Maximum benefit amounts reflect the CPP/QPP enhancement. CPP and QPP maximum amounts in this table are for benefits beginning in January 2023. Maximum CPP and QPP new benefit amounts increase every month as a result of the enhancement.

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Footnote 2

Each year a valid contribution is made to the CPP while a retirement pension is being received, the person becomes eligible for a post-retirement benefit (PRB) in January of the following year and thus can receive more than one PRB.

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Footnote 3

This amount is added to the retirement benefit.

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Footnote 4

The maximum amount includes the top-ups for the GIS and the Allowances. The top-ups are provided to GIS and Allowance recipients with the lowest incomes.

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Footnote 5

The income level cut-offs do not include the OAS pension, the first $5,000 of employment or self employment income and 50% of employment or self employment income between $5,000 and $15,000.

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Footnote 6

The OAS pension repayment range in 2023 is for net world income from $86,912 to $142,609, for individuals aged 65-74. For those aged 75 and over, the upper threshold is $148,179. Net world income includes the OAS pension

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Footnote 7

Individuals can defer receiving the OAS pension beyond age 65 in exchange for a higher pension. The monthly OAS pension is increased by 0.6% for every month it is delayed up to a maximum of 36% at age 70.

Return to footnote 7 referrer

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Date modified:: 2023-09-28

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