2026 Pension and Benefit Statistics
Selected pension and benefits statistics for 2026
Special Notice – January 16, 2026
| Income Tax Act – Pension and Savings Maximums | 2025 | 2026 |
| Annual defined benefit pension per year of service | $3,756.67 | $3,932.22 |
| Contribution to a defined contribution plan | $33,810 | $35,390 |
| Contribution to an RRSP1 | $32,490 | $33,810 |
| Contribution to a DPSP | $16,905 | $17,695 |
| Contribution to a TFSA2 | $7,000 | $7,000 |
| Employment Insurance (EI) | 2025 | 2026 |
| Maximum insurable earnings | $65,700 | $68,900 |
| Premium rate (per $100 of insurable earnings) – outside Quebec | 1.64% | 1.63% |
| • Maximum employer contribution | $1,508.47 | $1,572.30 |
| • Maximum employee contribution | $1,077.48 | $1,123.07 |
| Premium rate (per $100 of insurable earnings) – Quebec | 1.31% | 1.30% |
| • Maximum employer contribution | $1,204.94 | $1,253.98 |
| • Maximum employee contribution | $860.67 | $895.70 |
| Quebec Parental Insurance Plan (QPIP) | 2025 | 2026 |
| Maximum insurable earnings | $98,000 | $103,000 |
| Employer premium rate | 0.692% | 0.602% |
| • Maximum employer contribution | $678.16 | $620.06 |
| Employee premium rate | 0.494% | 0.430% |
| • Maximum employee contribution | $484.12 | $442.90 |
| Old Age Security (OAS) | Age 65 to 74 | Age 75 and over |
| Maximum monthly pension (Q1 2026) | $742.31 | $816.54 |
| Maximum annual income to receive OAS pension3 | $154,708 | $160,647 |
| Canada Pension Plan (CPP) | 2025 | 2026 |
| Year’s basic exemption (YBE) | $3,500 | $3,500 |
| Year’s maximum pensionable earnings (YMPE) | $71,300 | $74,600 |
| Year’s additional maximum pensionable earnings (YAMPE) | $81,200 | $85,000 |
| Employer contribution rate between YBE and YMPE | 5.95% | 5.95% |
| Employer contribution rate between YMPE and YAMPE | 4% | 4% |
| • Maximum employer contribution | $4,430.10 | $4,646.45 |
| Employee contribution rate between YBE and YMPE | 5.95% | 5.95% |
| Employee contribution rate between YMPE and YAMPE | 4% | 4% |
| • Maximum employee contribution | $4,430.10 | $4,646.45 |
| Maximum monthly retirement benefit (at age 65)4 | $1,387.08 | $1,441.25 |
| • Maximum additional monthly benefit in respect of CPP enhancement | $45.92 | $66.40 |
| Death benefit (lump sum) | $2,500 | $2,500 |
| Indexation rate | 2.6% | 2% |
| Quebec Pension Plan (QPP) | 2025 | 2026 |
| Basic exemption (BE) | $3,500 | $3,500 |
| Maximum pensionable earnings (MPE) | $71,300 | $74,600 |
| Additional maximum annual pensionable earnings (YAMPE) | $81,200 | $85,000 |
| Employer contribution rate between BE and MPE5 | 6.4% | 6.3% |
| Employer contribution rate between MPE and YAMPE | 4% | 4% |
| • Maximum employer contribution | $4,735 | $4,895.30 |
| Employee contribution rate between BE and MPE | 6.4% | 6.3% |
| Employee contribution rate between MPE and YAMPE | 4% | 4% |
| • Maximum employee contribution | $4,735 | $4,895.30 |
| Maximum monthly retirement benefit (at age 65)6 | $1,387.08 | $1,441.25 |
| • Maximum additional monthly benefit in respect of QPP enhancement | $45.92 | $66.40 |
| Death benefit (lump sum) | $2,500 | $2,500 |
| Indexation rate | 2.6% | 2% |
Charts are provided for reference only. Please consult government references, source legislation and regulations for detailed information.
1Subject to a further limit of 18% of earned income in the previous year, and reduced by the prior year’s pension adjustment. Limit is further adjusted by prior year carry-forwards plus pension adjustment reversals, less past service pension adjustments.
2Subject to adjustment for prior year carry-forwards and withdrawals.
3OAS benefits are eliminated for individuals with earnings in excess of this amount. Note that OAS benefits begin to be clawed back when an individual’s income reaches $95,323 (for 2026).
4 Excluding amounts from CPP enhancement starting in 2019.
5 Effective January 1, 2026, QPP contribution rate for the base and additional plan between BE and MPE is reduced to 12.6% (0.20 percentage point reduction), shared equally between employees and employers
6 Excluding amounts from QPP additional plan starting in 2019.
This issue of Special Notice has been prepared for general information purposes only and does not constitute professional advice. Should you require professional advice based on the contents of this publication, please contact an Eckler consultant.