Canada Pension Plan Cola Increase For 2024. Based on changes in the consumer price index (cpi), oas benefits will increase by 1.3% for the october to december 2024 quarter, for an increase of 2.8% over the past year,. Maximum cpp benefit amounts increase every month as a result of the enhancement.

We still don’t have all the cpi data for the november 2023 to october 2024 period, so we can’t say with certainty how much cpp. In 2024, substantial enhancements to retirement benefits are on the horizon for canadians.