What Is The Cola Increase For 2024 In Canada. Current estimates suggest a 2.57% cola increase for 2025, which would add about $50 per month to benefits,. Key cpp and oas changes like increased benefits and contribution tiers will be implemented from 1 january 2024, affecting retirement planning.
Effective july 1, 2024, traf will grant a cost of living adjustment (cola) of 2.20% to eligible members receiving a traf pension. The maximum limit of earnings protected by the cpp will also increase by 14% between 2024 and 2025.