Yetta Katerine

Cost Of Living Increase 2024 Canada Oas. It will strengthen the financial security of 3.3 million seniors. The old age security pension is reviewed in january, april, july and october to reflect increases in the cost of living as measured by the consumer price index.

Oas and cpp payments increased in 2024. Given inflation forecasts, oas recipients can expect to see payments rise by 5% or more cumulatively over the year’s quarterly adjustments.