The total assets of the base Canada Pension Plan are projected to increase from $651 billion at the end of 2024 to $963 billion by 2030 and reach $2.9 trillion by 2050, according to an actuarial report from the federal government.
The additional assets held in the CPP will grow to $1.4 trillion by 2050, with about 62 per cent attributed to revenues from investment income.
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In 2025, roughly 16.1 million people paid into the CPP and that number is expected to reach 19.3 million by 2050.
The report noted although the additional minimum contribution rates are above the statutory contribution rates, these still fall within permitted deviations. Contributions for the base CPP are still expected to be ahead of benefits paid until 2030 and for the additional CPP until 2057.
The actuarial report was based on an assumed 75-year average annual real rate of return of 4.05 per cent for the base CPP and 3.53 per cent for the additional CPP.
“The findings of 32nd actuarial report on the [CPP] reaffirm that the CPP is on solid financial footing and will continue to provide reliable retirement income for Canadians for decades to come,” said Assia Billig, chief actuary of the Government of Canada, in a press release.
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