A pension plan, shared across generations.
The Canada Pension Plan is a public pension plan that replaces part of your income when you retire.
It also provides disability and survivor benefits. Most workers and employers contribute during working years. Those contributions help pay benefits today, while money not needed for current benefits is invested for the future.
Quebec has its own comparable plan, the QPP. This story focuses on the CPP.
Start with your paycheque.
Move the slider to see a full-year estimate. The line changes slope when CPP2 begins, then levels off when you reach the annual maximum.
What’s CPP2? Introduced in 2024 as part of the CPP enhancement, it adds a second contribution on a higher band of earnings. It’s part of CPP, not a separate pension.
Simplified full-year estimate, outside Quebec. Not a benefit projection; individual circumstances can affect contributions.
One plan. Several moving parts.
CPP isn’t a personal investment account. It’s a shared plan, with contributions, benefits and investments working together.
Will the money be there?
The fund has a substantial nest egg. Contributions, benefits and investment returns all matter when we ask what happens next.
Here’s a look at the balance today and the Chief Actuary’s long-term projections as Canada’s population ages.
How much is invested?
Net assets managed by CPP Investments on June 30, 2026.
$ billions · annual figures are March 31; last bar is June 30. Includes base and additional CPP. Quarterly result · 2021–2025 history
How does the plan pay for benefits?
Select a year and component to explore the Chief Actuary’s projections. Investment income helps finance the plan alongside contributions.
Projected annual amounts in nominal Canadian dollars; 2050 figures include inflation. Expenditures include benefits and administration. The lines connect the three selected projection years; they do not show intervening annual values. Both chart and bars rescale to the selected plan. Investment income is projected net income; it may vary significantly year to year. The base projections assume a 9.5% combined base rate from 2027, as modelled in the 33rd report; additional CPP projections use the revised 32nd report.
Base CPP: 33rd report, Table 1 · Additional CPP: revised 32nd report, Table 22
More retirees, more contributors.
Retirement beneficiaries are expected to grow faster than the number of contributors.
contributors
6.4Mretirement beneficiaries
contributors
9.5Mretirement beneficiaries
Estimates from the revised 32nd report. Some people are both contributors and retirement beneficiaries. Beneficiary counts are for base CPP retirement pensions, not all benefits. Read the actuarial report.
Designed to last across generations.
The Chief Actuary’s latest full assessment found both base and additional CPP sustainable over a 75-year projection period under its assumptions. A later report assessed the effect of a lower base contribution rate and also found it sufficient over the long term.
That’s a projection, not a guarantee. Births, immigration, employment, wages, longevity and investment returns can all differ from what was assumed.
Read the 33rd actuarial report · CPP Investments on sustainability
Not all in one place.
The CPP Fund invests across asset types and regions. Select a view, then choose a segment to explore the annual snapshot.
March 31, 2026 · Percentages are fund-wide, not a breakdown of your personal contributions.
How has the mix changed?
Select a year to inspect the fund’s composition. These are snapshots, not a measure of returns.
A break in the story: CPP Investments changed asset classifications in 2026. Real assets now include investments previously reported in equity categories, so changes across that boundary are not directly comparable.
A contribution to something bigger.
CPP starts with a deduction on your paycheque. From there, it becomes part of a shared plan that pays benefits today and invests for the years ahead.
The contribution rates and investment mix will change over time. The idea behind the plan stays the same: workers, employers and generations of Canadians contribute to a pension system built to support people when they need it.
Follow the numbers.
The latest annual allocation shown is March 31, 2026. Contribution estimates use rates for the year you select.