Cost Of Living Increase 2024 Canada Cpp 2024. Your pension will increase based on how much and for how long you contribute to the enhanced cpp. Starting january 2024, the canadian government has implemented significant changes to the cpp cost of living increase affecting retirement planning.

For a more detailed report on cpp amounts and figures, see the oas and cpp program information card (rate card). So you’d expect to contribute at least $3,867.50 to the cpp in 2024, up $113 from $3,754 last year.