The maximum monthly benefit for new Canada Pension Plan recipients has increased by $21.67 in 2017, while monthly old-age security benefits have risen by about $8 over last year.

The maximum monthly CPP retirement benefit for new recipients aged 65 was $1,092.50 at the beginning of 2016, which represented an annual increase of $330 compared to January 2015. The monthly maximum for 2017 is $1,114.17, a difference of $21.67 a month or $260.04 annually. The current amount will remain the same until January 2018. For existing recipients, benefits will rise by 1.4 per cent.

Read: New CPP and OAS benefit amounts take effect

OAS benefits – which consist of the basic OAS pension, the guaranteed income supplement and the allowances – increased twice in 2016 but they didn’t change for the first quarter of 2017. Between January and March 2017, the basic OAS pension will be $578.53 per month, which is the same amount as the previous quarter from October to December 2016. However, at the beginning of 2016, the basic OAS pension was $570.52, with the amount increasing to $573.37 in July and then again to its current rate in October. The year-over-year increase was about $8 a month, or $96 a year. Between 2015 and 2016, the OAS benefit saw a similar increase of about $7 a month, or $84 a year.

The government reviews CPP benefits on an annual basis and does so for OAS benefits each quarter (in January, April, July and October) to reflect increases in the cost of living as measured by the consumer price index.

Changes to the year’s maximum pensionable earnings under the Canada Pension Plan took effect on Jan. 1, 2017. The increase was $400, to $55,300 in 2017 from $54,900 in 2016. Contributors who earn more than $55,300 in 2017 don’t make additional contributions to the CPP. The basic exemption amount remains at $3,500.

Read: Government increases CPP pensionable earnings and adds new disability standards

Copyright © 2021 Transcontinental Media G.P. Originally published on

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It costs $ 8 for a bone soup in Toronto’s Koreatown.
Big Poop.
The Libs in Ottawa continue to exploit poor retirees in Canada.
Shameful 3rd world group.

Friday, January 06 at 2:16 pm | Reply


still pretty sad i get 325 a month after 46 years of work less than welfare or refugees

Monday, December 18 at 2:51 pm


CPP benefits rise by 1.4% in 2017

Does that include CPP disability benefits?

Wednesday, January 25 at 4:30 pm | Reply

david wayne wonnacott:

I received the max. payment of 1092.50 until the end of Dec./16 my Jan./17 statement shows a CPP payment of
1107.80 which is less than the 1.4% increase mandated. Should it not be 1114.17 as noted in the ‘Benefits Canada’ newsletter ? Since I rec’d the max. pymt. in 2016, why is it less than max. in 2017?

Friday, January 27 at 5:03 pm | Reply


I realize you posted this question about 3 months ago, so hopefully you’ve found an answer by now. If not, here is the explanation:
For existing CPP pensioners, increases are indexed to the annual inflation rate, which is the 1.4% increase mentioned, which is what you received ($1,092.50 increased by 1.4% is $1,107.80).
For NEW retirees who start CPP in 2017, the maximum benefit is $1,114.17 (approximately 2% higher than 2016), which is based on the 5-year average YMPE, which is indexed to the Average wage in Canada.

To the extent that wages increase at a greater rate than inflation, the maximum CPP pension for an existing retiree will be less than the maximum for new retirees.

Wednesday, April 19 at 3:05 pm

S. Rosenkrands:

The Liberals seem more inclined to spend on themselves personally, rather than the needy in this country. They gave themselves a nice big raise in salaries and a big boost in the expenses to run their offices. A horrendous amount to redo the Parliament buildings, and a nice new or renovated home for our spoiled head of the government and his family. All this and so much more never ending spending and so little to show for it. Quite the posh jobs our politicians have and they only work 100 days, and that is usually considered overtime. Do not believe them when they say that they work all those days when they are not sitting in Parliament.

Monday, March 13 at 2:12 pm | Reply

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