Cola 2024 Increase Announcement Canada

Cola 2024 Increase Announcement Canada. If you have any questions, our client care centre is ready to assist you. Number of agreements number of employees duration of agreements in months (average).

In 2024, seniors got a 3.2% cola, and in 2022 and 2023, colas were 5.9% and 8.7%, respectively. The amount will increase to cad 68500 for the canada pension plan (cpp), marking a significant rise from the previous cap of $66,600.