Canada Pension Plan Cola Increase For 2024. The canada revenue agency (cra) has announced an additional $1,660 in canada pension plan (cpp) payments for eligible recipients, starting in 2024. The pension indexation rate effective jan.
The maximum monthly cpp payment increased by 4.4% from $1,306.57 in 2023 to $1,364.60 in 2024. The following graph illustrates the increase in the cost of providing new cola’s each year.
Canada Pension Plan Cola Increase For 2024 Images References :
