Canada Pension Cost Of Living Increase 2024. In 2024, the canada pension plan (cpp) will see a significant cost of living increase to help beneficiaries manage their expenses better. In budget 2024, the government is delivering fairness for every generation with a housing plan that includes nearly 4 million new homes;
In 2024, canadians can expect to see changes including an increase to the cpp maximum pensionable earnings, a higher oas clawback threshold, and routine. The pension increase for 2024 reflects the canadian government’s ongoing commitment to providing financial support for senior citizens.