Canada Pension Plan (CPP) - Statistics on Monthly Maximum Amounts for New Benefits

Employment and Social Development Canada (ESDC) calculates Canada Pension Plan (CPP) monthly maximum benefit amounts for new beneficiaries. CPP monthly maximum new benefit amounts are for recipients starting to receive benefits in a particular month and year. Thereafter, most benefits are indexed annually according to the Consumer Price Index. As of 2019, the CPP is being gradually enhanced every month. CPP benefits now include a base (representing the Plan, as it existed pre-2019) plus an enhancement component. Due to its gradual implementation, the maximum benefits of the enhancement component are increasing on a monthly basis. Before 2019, the CPP retirement benefit replaced 25% of employee earnings up to the yearly maximum pensionable earnings (YMPE). With the enhancement, the retirement benefit will eventually replace 33.33% of employee earnings. The contributions to the CPP enhancement are being phased-in over seven years. There are two portions to the enhancement: • The first portion aims to increase contributions within the existing range of earnings (up to YMPE) and takes place over five years (2019-2023). • The second portion aims to set a higher limit of earnings…

Publisher

Employment and Social Development Canada

Resources

2

Catalogue metadata updated

2026-06-16