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F2025 Annual Report

2025 Annual Report

The Fund remains on solid financial footing and is well-positioned to deliver long-term value for current and future generations of Canadians.
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Year in Review

Managed by CPP Investments, the CPP Fund is designed to deliver long-term results and weather short-term volatility. Canadians can count on a solid retirement foundation – today and for generations to come.

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Built for times like these

CPP Investments has worked for Canadians through multiple economic cycles for a quarter century, and remains steadfast in its commitment to contributing to the financial security in retirement for 22 million Canadian contributors and beneficiaries.

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Financial Sustainability of the Fund

The most recent triennial report by the Office of the Chief Actuary confirmed that the CPP is financially sustainable for at least 75 years.

Projected Assets

Actual Assets

$ Billions, as at Dec 31

2022
2023
2024
2025¹
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

Projections of the Fund, being the combined assets of the base and additional CPP accounts, are based on the nominal projections from the 31st Actuarial Report on the Canada Pension Plan as at December 31, 2021.
1 Actual Assets are as at March 31, 2025.

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Download the 2025 Annual Report

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