Cost Of Living Increase 2024 Canada Cpp Increase. The maximum monthly cpp payment increased by 4.4% from $1,306.57 in 2023 to $1,364.60 in 2024. Maximum cpp benefit amounts increase every month as a result of the enhancement.
Oas increase july 2024 the old. The amounts are reviewed each year in january, april, july and october to reflect cost of living increases, as measured by the consumer price index (cpi).