What Is The Cola Increase For 2024 In Canada

What Is The Cola Increase For 2024 In Canada. Your pension will increase based on how much and for how long you. The consumer price index (cpi) represents changes in prices as experienced by canadian consumers.


What Is The Cola Increase For 2024 In Canada

The maximum monthly cpp payment increased by 4.4% from $1,306.57 in 2023 to $1,364.60 in 2024. The new cola each year is based on the increase in the cpi for canada over the prior calendar year.

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