Cola 2024 Update Canada

Cola 2024 Update Canada. Starting january 2024, cpp benefits will increase by approximately 4.4%, raising the maximum monthly payout to $1,364.60 from $1,306.57 in 2023. An increase in your pension benefit is granted when the increase in canada’s average consumer price index (cpi) is greater than 1%.

Get notified once a month. Major settlements are those involving bargaining units of 500 or more employees.