Casie Cynthia

Cost Of Living Adjustment 2024 Ontario. Cpp and oas provide a base of retirement income, but most canadians need additional private savings and pensions for adequate funds in retirement. The adjustment takes effect in january 2024.

The 2022 fall economic statement includes new, targeted cost of living support measures to make life more affordable for the canadians most affected by rising. The cost of living adjustment (cola) is an annual increase to cpp and oas benefits to help offset the effects of inflation.