Canada Pension Plan - Payment Rates
January - December 2012
Canada Pension Plan (CPP) rates are adjusted every January if there are increases in the cost of living as measured by the Consumer Price Index (CPI). The table below lists the maximum and average monthly rates for CPP benefits, except for the death benefit which is a one-time payment.
More information on CPP rates and the CPI
| Type of benefit | Average benefit (October 2011) |
Maximum amount (2012) |
|---|---|---|
| Retirement (at age 65)Footnote 1 | $512.64 | $986.67 |
| Disability | $820.96 | $1,185.50 |
| Survivor – younger than 65 | $383.56 | $543.82 |
| Survivor – 65 and older | $301.15 | $592.00 |
| Children of disabled contributors | $218.50 | $224.62 |
| Children of deceased contributors | $218.50 | $224.62 |
| Death (maximum one-time payment) | $2,276.62 | $2,500.00 |
| Combined benefits | ||
Survivor/retirement (retirement at 65) |
$701.46 | $986.67 |
Survivor/disability |
$949.22 | $1,185.50 |
More information:
Footnotes
- Footnote 1
-
Starting in January 2012, if you are 60 to 65 years old, working outside of Quebec and receiving a retirement pension from the CPP or the QPP, you must make CPP contributions toward the Post-Retirement Benefit. If you are at least 65 years old but under 70, you may elect not to make such contributions. The Post-Retirement Benefit will be paid to you automatically starting in 2013, if you are eligible. More information is available on the Changes to the Canada Pension Plan section of the Service Canada Web site.