2024 Cola Increase Canada Increase. The second phase of the canada pension plan (cpp) enhancement program has come into effect as of january 2024, and with it, the final cpp contribution. Learn how cpp and oas monthly benefits increase when inflation or the cost of living increases.

Cpp and oas payment increase expected to be 4.7% as of january 2024 thanks to inflation. In this article, i will explore the two main ways you can increase your cpp pension in 2024 — on the assumption that you are receiving benefits already.