Maximum Benefit Amounts and Related Figures - Canada Pension Plan (2024) and Old Age Security (April to June 2024)
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| Type of benefit |
Flat rate portion |
Earnings-related portion | Total |
|---|---|---|---|
| Retirement pension (at age 65) | not applicable | $1,364.60 | $1,364.60 |
| Post-retirement benefit (at age 65) Footnote 2 | not applicable | $44.46 | $44.46 |
| Disability pension | $583.32 | $1,023.46 | $1,606.78 |
| Post-retirement disability benefit Footnote 3 | $583.32 | not applicable | $583.32 |
| Survivor’s pension – younger than 65 | $227.58 | $511.73 | $739.31 |
| Survivor’s pension – 65 and older | not applicable | $818.76 | $818.76 |
| Children of disabled contributor benefit | $294.12 | not applicable | $294.12 |
| Children of deceased contributor benefit | $294.12 | not applicable | $294.12 |
| Death benefit (one-time payment) | $2,500.00 | not applicable | $2,500.00 |
| Combined benefits: | |||
| Survivor/retirement (retirement at 65) | not applicable | $1,375.41 | $1,375.41 |
| Survivor/disability | not applicable | $1,613.54 | $1,613.54 |
Annual adjustment of benefits in pay in the previous year: +4.4%
| Exemptions and pensionable earnings | Annual maximum amount |
|---|---|
| Year's Basic Exemption (YBE) | $3,500.00 |
| Year's Maximum Pensionable Earnings (YMPE) | $68,500.00 |
| Year's Additional Maximum Pensionable Earnings (YAMPE) | $73,200.00 |
| Contribution details | Base + 1st additional contribution | 2nd additional contribution |
|---|---|---|
| Contribution rate for employee/employer | 5.95% | 4.00% |
| Employee/employer maximum contribution | $3,867.50 | $188.00 |
| Contribution rate for self-employed | 11.90% | 8.00% |
| Self-employed maximum contribution | $7,735.00 | $376.00 |
| Statistics | Total |
|---|---|
| Number of contributors (2021) | 14.7 million |
| Amount of contributions (2022 to 2023) | $74,846 million |
| Type of benefit |
Maximum monthly amount Footnote 4 |
Annual
income level cut-off Footnote 5 |
Annual income level cut-off for top-ups Footnote 5 |
|---|---|---|---|
| Old Age Security pension (age 65 to 74) Footnote 6,Footnote 7 | $713.34 | not applicable | not applicable |
| Old Age Security pension (age 75 and over) Footnote 6,Footnote 7 | $784.67 | not applicable | not applicable |
| Guaranteed Income Supplement (GIS) | |||
| Single person who receives an OAS pension | $1,065.47 | $21,624 | $9,968 |
| Spouse/common-law partner of someone who: | |||
|
$1,065.47 | $51,840 | $19,936 |
|
$641.35 | $28,560 | $8,512 |
|
$641.35 | $39,984 | $8,512 |
| Allowance | $1,354.69 | $39,984 | $8,512 |
| Allowance for the Survivor | $1,614.89 | $29,112 | $9,968 |
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Related links
Quebec Pension Plan (QPP) data
Monthly statistics on OAS and CPP beneficiaries and benefits
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