Cost Of Living Increase 2024 Canada Cpp Increase. Or at least, most years. So you’d expect to contribute at least $3,867.50 to the cpp in 2024, up $113 from $3,754 last year.
With inflation continuing to impact the cost of living, the cpp and oas increases in 2024 are crucial for helping canadian seniors maintain their standard of living. The cpi increase spiked to 3.4% in december 2023, and then ticked downward all through 2024.