Canada Pension Plan (CPP) - Statistics on Monthly Maximum Amounts for New Benefits
Datasets available for download
Additional Info
| Field | Value |
|---|---|
| Last Updated | October 22, 2024, 15:53 (UTC) |
| Created | October 1, 2024, 07:35 (UTC) |
|
Domain / Topic
Domain or topic of the dataset being cataloged.
|
|
| Description
A description of the dataset.
|
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 (increase the YMPE) and will be phased over two years (2024-2025). Only the first portion is currently being phased in. Benefits under the CPP enhancement will continue to grow as individuals work and contribute. Consequently, the maximum CPP pension for new beneficiaries will continue to increase on a monthly basis until the enhancement reaches full maturity in 2065, reflecting the impact of those additional contributions. The dataset presents the monthly maximum amount of each CPP benefit (including combined benefits) from 1967 to 2019. From 1967 to 2018, the monthly maximum amount remained the same during the year, while from 2019 onward, the maximum amount changes every month with the enhancement. Amounts for the post-retirement benefit, children of disabled contributor benefit, children of deceased contributor benefit and death benefit will continue to remain constant throughout the year, as they are not affected by the enhancement. For further information on CPP benefits: Canada Pension Plan - Overview - Canada.ca https://www.canada.ca/en/services/benefits/publicpensions/cpp.html and CPP enhancement: Canada Pension Plan enhancement - Canada.ca https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-enhancement.html. |
| Tags
Keywords/tags categorizing the dataset.
|
|
|
Format (CSV, XLS, TXT, PDF, etc)
File format of the dataset.
|
|
|
Dataset Size
Dataset size in megabytes.
|
|
|
Metadata Identifier
Metadata identifier – can be used as the unique identifier for catalogue entry
|
|
|
Published Date
Published date of the dataset.
|
2012-01-31 |
|
Time Period Data Span (start date)
Start date of the data in the dataset.
|
|
|
Time Period Data Span (end date)
End date of time data in the dataset.
|
|
|
GeoSpatial Area Data Span
A spatial region or named place the dataset covers.
|
| Field | Value |
|---|---|
|
Access category
Type of access granted for the dataset (open, closed, service, etc).
|
|
| License
License used to access the dataset.
|
Open Government Licence - Canada |
|
Limits on use
Limits on use of data.
|
|
|
Location
Location of the dataset.
|
|
|
Data Service
Data service for accessing a dataset.
|
|
|
Owner
Owner of the dataset.
|
Employment and Social Development Canada | Emploi et Développement social Canada |
|
Contact Point
Who to contact regarding access?
|
|
|
Contact Point Email
The email to contact regarding access?
|
|
|
Publisher
Publisher of the dataset.
|
|
|
Publisher Email
Email of the publisher.
|
open-ouvert@tbs-sct.gc.ca |
|
Accessed At
Date the data and metadata was accessed.
|
| Field | Value |
|---|---|
|
Identifier
Unique identifier for the dataset.
|
|
|
Language
Language(s) of the dataset
|
|
|
Link to dataset description
A URL to an external document describing the dataset.
|
|
|
Persistent Identifier
Data is identified by a persistent identifier.
|
|
|
Globally Unique Identifier
Data is identified by a persistent and globally unique identifier.
|
|
|
Contains data about individuals
Does the data hold data about individuals?
|
|
|
Contains data about identifiable individuals
Does the data hold identifiable data about individual?
|
|
|
Contains Indigenous Data
Does the data hold data about Indigenous communities?
|
| Field | Value |
|---|---|
|
Source
Source of the dataset.
|
https://open.canada.ca/data/en/dataset/e547539b-7fc6-4879-be54-3d1f80ac9e9e |
|
Version notes
Version notes about the dataset.
|
|
|
Is version of another dataset
Link to dataset that it is a version of.
|
|
|
Other versions
Link to datasets that are versions of it.
|
|
|
Provenance Text
Provenance Text of the data.
|
|
|
Provenance URL
Provenance URL of the data.
|
|
|
Temporal resolution
Describes how granular the date/time data in the dataset is.
|
|
|
GeoSpatial resolution in meters
Describes how granular (in meters) geospatial data is in the dataset.
|
|
|
GeoSpatial resolution (in regions)
Describes how granular (in regions) geospatial data is in the dataset.
|
| Field | Value |
|---|---|
|
Indigenous Community Permission
Who holds the Indigenous Community Permission. Who to contact regarding access to a dataset that has data about Indigenous communities.
|
|
|
Community Permission
Community permission (who gave permission).
|
|
|
The Indigenous communities the dataset is about
Indigenous communities from which data is derived.
|
| Field | Value |
|---|---|
|
Number of data rows
If tabular dataset, total number of rows.
|
|
|
Number of data columns
If tabular dataset, total number of unique columns.
|
|
|
Number of data cells
If tabular dataset, total number of cells with data.
|
|
|
Number of data relations
If RDF dataset, total number of triples.
|
|
|
Number of entities
If RDF dataset, total number of entities.
|
|
|
Number of data properties
If RDF dataset, total number of unique properties used by the triples.
|
|
|
Data quality
Describes the quality of the data in the dataset.
|
|
|
Metric for data quality
A metric used to measure the quality of the data, such as missing values or invalid formats.
|
0 Comments