Questions and responses 45th Parliament, 1st session May 26, 2025, to present

With regard to the Canada Pension Plan and the Canada Pension Plan Investment Board: (a) for each year since 2000, broken down by province or territory, what is the current total value of the (i) Canada Pension Plan contributions collected, (ii) benefits paid; (b) for each of the past five fiscal years, what were the Canada Pension Plan Investment Board’s gross and net exposures, broken down by (i) asset class, (ii) region, (iii) currency; (c) what was the total amount of (i) securities lending transactions, (ii) assets provided or received as collateral, (iii) revenues earned from lending, (iv) counterparties involved, including the top 10 by volume or value; (d) what are the Canada Pension Plan Investment Board’s current policies and practices regarding (i) the reuse or rehypothecation of collateral, (ii) participation in repo and reverse repo transactions, (iii) associated risk controls or limits; (e) what percentage of the Canada Pension Plan Investment Board assets are held in custody or collateralized outside Canada, specifying the jurisdiction and custodian where applicable; (f) what are the main stress test scenarios conducted since 2020, and, for each, what were the assumed (i) equity drawdowns, (ii) interest-rate shocks, (iii) credit-spread movements, (iv) liquidity freeze durations, together with the resulting estimated impacts on portfolio value and funded status; and (g) what independent audit, verification, or oversight processes have been used since 2019 to confirm the accuracy of the Canada Pension Plan Investment Board’s reported leverage, counterparty exposure, and liquidity metrics?

With regard to the Canada Pension Plan, and broken down by year, for each of the last five years: what was the number and percentage of new Canada Pension Plan recipients, broken down by their age at the time that they received their first Canada Pension Plan payment, starting at age 60?

With regard to Canada Pension Plan payments: (a) has the government conducted any analysis of (i) how much it would cost to allow individuals, who continue to pay into, and don't start collecting, Canada Pension Plan payments until an age later than 65, such as 70, to defer those payments and receive larger payment when they do start collecting Canada Pension Plan payments, (ii) any proposal similar to that outlined in (a)(i); and (b) if the answer to (a)(i) or (a)(ii) is affirmative, what are the details, including the findings and projections associated with the analysis?

With regard to revenue collected by the Canada Revenue Agency: broken down by each of the last five tax years, how much income tax was collected on Canada Pension Plan death benefits?

With regard to the Canada Pension Plan: (a) what is the current total value of the funds in the plan; and (b) using the formula set out in subsection 113(2) of the Canada Pension Plan Act, which requires that the transfer amount be calculated based on provincial contributions and net investment income, less benefits not payable and administrative costs, what are the government's calculations respecting (i) the percentage share attributable to each province and territory, (ii) the corresponding dollar value of each province's and territory's share, as of the most recent data available?

With regard to revenue received from Canada Pension Plan payroll deductions in the time period between the creation of the Canada Pension Plan in 1966 to when the Canada Pension Plan Investment Board was formed in 1998: (a) what is the breakdown of the (i) amount, (ii) percentage, received during that period by province or territory; and (b) how does the government take the amounts and percentages paid between 1966 and 1998 into consideration when making calculations using the formula set out in subsection 113(2) of the Canada Pension Plan Act, which requires that the transfer amount be calculated based on provincial contributions and net investment income, less benefits not payable and administrative costs?