Chief Actuary of the Government of Canada releases 32nd Actuarial Report on the Canada Pension Plan
News release - Ottawa -
Today, the Office of the Chief Actuary (OCA) released the 32nd Actuarial Report on the Canada Pension Plan (CPP) after it was tabled in Parliament, confirming that the CPP remains sustainable for generations to come.
The Actuarial Report on the Canada Pension Plan assesses the plan’s long-term financial sustainability and guides policy decisions that affect millions of Canadians. It builds public trust by providing transparent, expert analysis of demographic, economic, and investment trends.
The previous report, the 31st Actuarial Report on the Canada Pension Plan, was tabled in the House of Commons on December 14, 2022.
In early 2026, the 32nd Actuarial Report on the CPP will undergo a review by an external panel of peer reviewers who are Fellows of the Canadian Institute of Actuaries and recognized for their extensive experience in risk management, governance, funding, and design of pension plans and social security programs.
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"The findings of 32nd Actuarial Report on the Canada Pension Plan (CPP) reaffirm that the CPP is on solid financial footing and will continue to provide reliable retirement income for Canadians for decades to come."
Quick facts
- Statutory contribution rates are sufficient to financially sustain both the base and additional CPP over the long term.
- More Canadians are contributing. The number of people paying into the CPP is expected to grow from 16.1 million in 2025 to 19.3 million by 2050.
- Base CPP assets are projected to rise from $651 billion at the end of 2024 to about $2.9 trillion by 2050, with investment income making up nearly half of revenues by then. For the additional CPP, assets are expected to grow from $54 billion at the end of 2024 to $1.4 trillion by 2050, with investment income projected to represent 62% of revenues.
- Contributions staying ahead of costs. For the base CPP, contributions are projected to be higher than benefits paid until 2030, and for the additional CPP, until 2057.
- More retirees are receiving benefits. The number of people receiving retirement benefits from the base CPP is expected to increase from 6.4 million in 2025 to 9.5 million by 2050 while it is expected to increase from 1.5 million to 8.6 million over the same period for the additional CPP.