Canada Pension Plan (CPP)

The CPP provides retirement benefits to people who have worked and contributed to the plan. The CPP supplements your retirement savings plan. Contributions towards CPP are deducted from the individual’s pay. This chart specifies annual contribution limits for individuals based on the Canada Revenue Agency (CRA) guidelines.

Benefits – CPP2018 Max. Amount2019 Max. Amount
Retirement Pension: age 65$1,134.17$1,154.58
Post Retirement$28.35$28.86
Death Benefits
Lump sum$2,500.00$2,500.00
Surviving spouse (under age 65)$614.62/month$626.63/month
Surviving spouse (age 65 and over)$680.50/month$692.75/month
Child (per child)$244.64/month$250.27/month
Disability Benefits
Child (per child)$244.64/month$250.27/month

Annual Maximum Pensionable Earnings$55,900$57,400
Annual Basic Exemption$3,500$3,500
Contribution Basis$53,400$53,900
Maximum Annual Contributions
4.95% of 52,400
5.10% of 53,900
4.95% of 52,400
5.10% of 53,900
9.90% of $52,400
10.2% of $53,900

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