Enhance the Canada Pension Plan to provide more income security to retired Canadians.

What success looks like

When fully mature, maximum Canada Pension Plan (CPP) benefits will increase by as much as 50 per cent, helping more Canadians achieve their goal of a strong, stable and secure retirement.

Government's narrative on progress

Canada’s ministers of finance reached a historic agreement on June 20, 2016, to enhance the Canada Pension Plan (CPP). In March 2017, all necessary legislative requirements were met by Canada’s nine CPP participating provinces to implement the agreed-upon enhancements. Canada’s finance ministers also agreed to further improvements in December 2017 to increase benefits for parents of young children and persons with disabilities. These CPP enhancements, which began in January 2019, will help provide a secure and stable retirement for more Canadians.

Note: this is the government's own description, not an independent assessment.