Canada Pension Cost Of Living Increase 2024. Based on changes in the consumer price index (cpi), oas benefits have increased by 1.3% for the october to december 2024 quarter, for an increase of 2.8% over the past year, from. October payments of the old age security (oas) pension will roll out on tuesday to eligible canadians aged 65 years or older.
The oas pension was permanently increased by 10 per cent for seniors aged 75 and over in july 2022. These are monthly taxable payments that go out to canadians aged 65 years or older.
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