CPP Fund explained: 5 key numbers Canadians should know

For many Canadians, fall feels like a fresh start — whether you’re back to school, beginning a new chapter, or easing into retirement. It’s also a good time to reflect on something that helps secure the future for millions: the Canada Pension Plan (CPP).  Managed by CPP Investments since 1999, the CPP Fund exists because of the contributions of millions of working Canadians, who count on us to invest and help grow the Fund so the CPP will be there when they need it. Here are five key numbers that explain its strength: $731.7 billion As of June 30, 2025, the Fund totalled $731.7 billion — making it one of the largest pension funds in the world. At CPP Investments, our size and scale allow us to deliver long-term value to help ensure the CPP will be there for generations. We secure access to opportunities few others can. Companies and partners turn to us because of our reputation, global network, and patient capital. With in-house expertise and centralized capabilities, we take on large, complex deals to generate strong, sustainable returns. This scale helps ensure the CPP is built to last. The Office of the Chief Actuary projects the CPP will be sustainable for at least 75 years — meaning today’s students can build careers, retire, and still see their grandchildren benefit. On this solid foundation, CPP Investments has established a global investment powerhouse. Half a trillion Since 1999, CPP Investments has generated $499.6 billion in net income, approximately half a trillion dollars — money earned by investing, not from contributions. Today, more than two-thirds of the Fund’s value has come from investment returns. We adopted an active management strategy 20 years ago to diversify across asset classes and regions, aiming to generate higher returns and strengthen the Fund’s sustainability. In 2025, we sold our stake in Dorna Sports — the company behind MotoGP and WSBK — for approximately $1.9 billion. We first invested in the company in 2013 and supported its growth for more than a decade, delivering strong returns for the Fund. $114 billion CPP Investments has $114 billion invested in Canada, with holdings in every province — making us one of the country’s largest investors. We are proud to invest in projects and businesses that benefit Canadians from coast to coast to coast. As Canada’s largest pension fund, we have consistently maintained an overweight position in our home market because we believe in its long-term potential. Our investments help build and maintain infrastructure, strengthen businesses that create quality jobs, and support real estate that shapes communities. These holdings span companies of all sizes, from Canadian Natural Resources, Shopify, and the 407 Express Toll Route to consumer brands such as CCM Hockey and A&W Canada through Northleaf Capital Partners. And while much of the Fund is invested globally, those returns flow back to Canada to help pay benefits at home — protecting contributors and beneficiaries against concentration risk and underscoring the value of investing both domestically and internationally. 8.4% Over the past 10 years, the Fund has delivered an annualized net return of 8.4%, placing it among the world’s top-performing pension funds. Global SWF’s 2025 report ranked CPP Investments second globally for 10-year returns from 2015 to 2024. Consistency is key to our performance. We focus not only on the next quarter, but on the next quarter-century. That’s why our decisions are made with a long-term view, ensuring the Fund can continue to grow and support Canadians well into the future. Canadians can take confidence in the Fund’s resilience. It’s built to withstand market ups and downs, keeping the CPP secure for today’s contributors and tomorrow’s retirees. 22 million Canadians More than 22 million Canadians contribute to or benefit from the CPP. In 2024, more than six million people received CPP benefits. The CPP is more than a pension plan — it’s a national promise that supports Canadians across the country. There is strength in numbers. By pooling resources, contributors and beneficiaries share both the benefits and the risks of investing. With every paycheque, millions of workers strengthen the Fund — achieving more together than any single province or territory could on its own. This collective effort has created the sixth-largest pension fund globally, even though Canada ranks only 38th by population. Together, we have created one of the strongest retirement systems in the world, something many other countries do not have. On track for $1 trillion The CPP is a Canadian success story that belongs to us all. By working together, our national pension fund punches above its weight on the global stage. For more than 25 years, CPP Investments has delivered on its commitment to contributors and beneficiaries, helping ensure the CPP remains resilient. Through prudent, disciplined investing, we are on track to reach $1 trillion in assets by 2031. As fall reminds us, every fresh start is a chance to reflect and prepare for the future. Canadians can take pride in being part of one of the greatest public policy successes in history — a pension system designed to serve retirees today, tomorrow, and for generations to come.