Pension plans in Canada, as of January 1, 2023

The number of Canadians who were active members of a registered pension plan (RPP) grew by 215,800 (+3.2%) from 2021 to over 6.9 million in 2022. This compared to a growth of 772,016 (+4.4%) in employment over this period, according to the Labour Force Survey (LFS). RPPs are established by employers or unions for employees. Participating in one is an important employee benefit that provides a measure of security in retirement.

Women accounted for 48.6% of the increase in new memberships in an RPP in 2022, up 104,800 from 2021, surpassing 3.5 million in total membership among women. There were approximately 111,000 more male members in 2022 compared with one year earlier, bringing their total membership to nearly 3.4 million. Women's share of active membership was 51.3% in 2022, down from a high of 51.4% in 2021.

Membership increased in all provinces in 2022. Those working in Ontario had the highest increase, with 77,400 new pension plan members, followed by Quebec (+62,800), British Columbia (+34,000) and Alberta (+18,700).

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