September 30, 2024

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Canada Pension Plan Cola Increase For 2024

Canada Pension Plan Cola Increase For 2024. Learn how the canada revenue agency (cra) will increase the canada pension plan (cpp) payments by 50% for eligible recipients starting in 2024. Old age security (oas) increase.


Canada Pension Plan Cola Increase For 2024

The canada revenue agency (cra) recently announced significant updates to the canada pension plan (cpp), effective january 1, 2024, as part of phase two of the cpp enhancements. See the equation and an example of how the cpi was used to calculate the cpp.

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