Canada Pension Plan Investment Board (CPP Investments) ended its second quarter of fiscal 2025 on Sept. 30 with net assets of C$777.5 billion ($554.4 billion), compared with C$731.7 billion ($521.7 billion) at the end of the previous quarter.
The C$45.8 billion ($32.7 billion) increase in net assets for the quarter consisted of C$39.8 billion ($28.4 billion) in net income and C$6 billion ($4.3 billion) in net transfers from the Canada Pension Plan (CPP). CPP Investments routinely receives more CPP contributions than required to pay benefits during the first part of the calendar year, partially offset by benefit payments exceeding contributions in the final months of the year.
The fund, composed of the base CPP and additional CPP accounts, generated a 10-year annualized net return of 8.8 percent. For the quarter, the fund’s net return was 5.4 percent. Since CPP Investments first started investing the fund in 1999, and including the second quarter of fiscal 2026, it ha
