1966
CPP established
The Canada Pension Plan (CPP) was created to help address poverty among seniors.
The Canada Pension Plan (CPP) is Canada’s national pension program, providing Canadians with stable and reliable income in retirement.
CPP Investments is the independent investment organization that manages and grows the CPP Fund for future generations.
Lately, the CPP has been a growing topic of conversation across Canada – especially in Alberta. It’s your pension, and you deserve to understand how it supports you.
That’s why CPP Investments created YourCPP.ca – a resource to help you learn more about the CPP, the CPP Fund, how it’s invested, and what it means for your future.
CPP Investments leverages the CPP Fund’s scale to access top-tier investment opportunities worldwide. This strategy has helped grow the CPP Fund to approximately $731 billion in net assets, making it one of the largest pension funds on the global stage.
Our consistent investment performance – including a 10-year annualized return of 8.4% – helps keep the CPP Fund resilient and well-positioned to support the CPP today, tomorrow, and over the long term. In an uncertain world, Canadians can be confident the CPP will be there for them when they need it.
When it comes to pensions, there is strength in numbers. Pooling contributions from more than 22 million Canadians helps protect the CPP Fund from market volatility and changing demographics.
The CPP Fund is invested in Canada and in more than 50 countries. It holds assets in many sectors, such as Alberta oil and gas, ports in the United States, and toll roads in Australia. The investment returns we generate abroad are brought back to pay pension benefits in Canada.
Since its creation nearly 60 years ago, the CPP guarantees full portability across every province and in almost 60 countries, allowing you to access your pension wherever you live.
Independent experts have concluded the CPP is financially sustainable for generations to come. That means you, your children, and grandchildren can rely on the CPP for security in retirement.
The CPP Fund is managed by investment professionals who invest the funds and maximize returns without taking excessive risk. Governments do not direct how or where the CPP Fund is invested.
Many pension systems are under strain, putting millions of retirees at risk. Fortunately, Canada stands apart with a dependable and well-funded pension plan that supports more than 22 million contributors and beneficiaries. The CPP is projected to remain financially sustainable for at least the next 75 years – making it one of Canada’s greatest public policy successes. Built to last, it ensures pension benefits for millions of Canadians now and for generations to come.
The Canada Pension Plan (CPP) was created to help address poverty among seniors.
The Chief Actuary of Canada found that the CPP was in danger of running out of funds in 20 years.
The federal government and the provinces came together with a common goal — to help secure the CPP for future generations of Canadians.
Governments agreed that a professional investment organization focused on maximizing returns, operating free from political interference, would be the best way to secure the future of the CPP.
Since 1997, the Chief Actuary of Canada has determined the CPP is financially sustainable for generations to come.
"Our Pan-Canadian goal is to advocate for seniors and retirees in securing a life of dignity, independence and financial security - that includes advocating to protect the CPP.”
National Pensioners Federation
“For more than half a century, we’ve nurtured a pension system that works, that is studied and copied by other countries around the world. It’s reliable. It’s sustainable for generations. The CPP isn’t broken, and we shouldn’t take the risk of pulling it apart.”
Canadian Association for Retired Persons & Seniors United Now
“The CPP makes up a significant portion of many of our members’ retirement incomes. A provincial plan would be especially risk-laden for people close to retirement who spent their careers contributing to the more dependable CPP.”
National Association of Federal Retirees
“Dismantling existing systems and altering our pension system could compromise labour mobility from other provinces, the benefits of risk pooling that comes with a larger pension fund, and investor confidence.”
Calgary Chamber of Commerce
“Many of those risks are that future demographics are not as favourable for Alberta. Migration is tightly connected, at least historically, to things like oil prices. There’s also investment risks — how are the assets going to be used? What are the returns that they will generate? The Canada Pension Plan, because it’s broader and almost entirely national in scope, is much better at diversifying some of those risks.”
Trevor Tombe, University of Calgary
