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SAM 4-7-3
Section: CPP/QPP REDUCTION
Subsection: PENSIONABLE EARNINGS
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YEARLY MAXIMUM PENSIONABLE EARNINGS AND
AVERAGE MAXIMUM PENSIONABLE EARNINGS |
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TABLE |
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The yearly maximum pensionable earnings (YMPE) and the average maximum pensionable earnings (AMPE) for the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) since 1966 are as follows: |
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YEAR |
YMPE
($) |
AMPE
($) |
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1966 |
5,000.00 |
5,000.00 |
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1967 |
5,000.00 |
5,000.00 |
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1968 |
5,100.00 |
5,033.33 |
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1969 |
5,200.00 |
5,100.00 |
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1970 |
5,300.00 |
5,200.00 |
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1971 |
5,400.00 |
5,300.00 |
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1972 |
5,500.00 |
5,400.00 |
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1973 |
5,600.00 |
5,500.00 |
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1974 |
6,600.00 |
5,900.00 |
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1975 |
7,400.00 |
6,533.33 |
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1976 |
8,300.00 |
7,433.33 |
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1977 |
9,300.00 |
8,333.33 |
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1978 |
10,400.00 |
9,333.33 |
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1979 |
11,700.00 |
10,466.67 |
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1980 |
13,100.00 |
11,733.33 |
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1981 |
14,700.00 |
13,166.67 |
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1982 |
16,500.00 |
14,766.67 |
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1983 |
18,500.00 |
16,566.67 |
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1984 |
20,800.00 |
18,600.00 |
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1985 |
23,400.00 |
20,900.00 |
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1986 |
25,800.00 |
23,333.33 |
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1987 |
25,900.00 |
25,033.33 |
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1988 |
26,500.00 |
26,066.67 |
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1989 |
27,700.00 |
26,700.00 |
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1990 |
28,900.00 |
27,700.00 |
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1991 |
30,500.00 |
29,033.33 |
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1992 |
32,200.00 |
30,533.33 |
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1993 |
33,400.00 |
32 033.33 |
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1994 |
34,400.00 |
33,333.33 |
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1995 |
34,900.00 |
34,233.33 |
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1996 |
35,400.00 |
34,900.00 |
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1997 |
35,800.00 |
35,366.67 |
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1998 |
36,900.00 |
36,033.33 |
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1999 |
37,400.00 |
36,700.00 prior to June 17, 1999 *36,080.00 from June 17, 1999 |
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2000 |
37,600.00 |
36,620.00 |
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2001 |
38,300.00 |
37,200.00 |
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2002 |
39,100.00 |
37,860.00 |
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2003 |
39,900.00 |
38,460.00 |
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2004 |
40,500.00 |
39,080.00 |
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2005 |
41,100.00 |
39,780.00 |
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2006 |
42,100.00 |
40,540.00 |
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2007 |
43,700.00 |
41,460.00 |
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*As a result of Bill C-71 enacted on June 17, 1999, the AMPE is calculated using a five-year average instead of the three-year average in use before the amendment. If the member's average salary is lower than the AMPE, then the member's average salary is to be used for the purposes of calculating the reduction.
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Last Update: November 2006
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