In Janice’s case, her CPP pension of $16,441 would therefore be increased on Jan. 1, 2023, by the full inflation adjustment for 2022, which I’m estimating will be 6.3 per cent.

Employees and employers pay a combined 11.4% of a worker's pay into CPP on their annual income between C$3,500 and C$64,000, and retirees receive a pension starting at age 60.

Flawed analysis behind Alberta's CPP exit proposal, says Ottawa By Reuters October 31, 202311:42 AM PDTUpdated October 31, 2023 ...

CPP contributions are jumping higher than expected in 2022. That's because Canada's average income rose — the pandemic leaving many lower-wage workers out of the economy.

In 20 years, CPP Investments has grown its assets from C$36 billion to more than C$570 billion, with C$380 billion generated from investment income, Freeland said.

Visit Globe Investor and use our free Canada Pension Plan (CPP) at 60 vs 65 Calculator to quickly compare the value of CPP benefits if you take them earlier or later.