What Is The Cola Increase For 2024 In Canada. The increase is effective april 1, 2024 and is the maximum allowable for the year based on the consumer price index (cpi). You can find upcoming cpi release dates on our schedule.
Every year on january 1, after you begin to collect your pension, you will receive a cost of living adjustment (cola). Key cpp and oas changes like increased benefits and contribution tiers will be implemented from 1 january 2024, affecting retirement planning.