Cost Of Living Increase 2024 Canada Cpp. In the year 2024, the eligible canada pension plan beneficiaries will have some new modified increased pension benefits with the rising. Benefits will increase by approximately 0.7% for the july to september 2024 quarter, reflecting the recent changes in the consumer price.
In 2024, the canada pension plan (cpp) will see a significant cost of living increase to help beneficiaries manage their expenses better. The cpp cost of living increase for 2024 is designed to help retirees and disabled canadians keep up with the rising cost of living.