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OTTAWA – Finance Minister Bill Morneau meets with his provincial and territorial counterparts in Vancouver on Monday and one of the key agenda items is going to be the federal Liberals’ push to expand the Canada Pension Plan. Here’s a by-the-numbers look at CPP.
$45 billion: Total contributions to CPP in 2015
$38.7 billion: Total benefits paid out to eligible Canadians in 2015
5.3 million: Total CPP beneficiaries in 2015
$1,092.50: Maximum monthly benefit payout in 2016
$19.97: Maximum monthly benefit payout in 1967
$1.3 billion: Cost to operate CPP in 2015
$269.6 billion: Total net assets of CPP as of March 31, 2015
$264.6 billion: Amount managed by CPP Investment Board
$290 billion: Size of the 2016 federal budget
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