2024 Cola Increase Canada. Consumer price index (total cpi) the consumer price index (cpi) is an indicator of changes in consumer prices experienced by canadians. For additional information, please see the technical notes.
Data for 2024 cover the months of january through july. Since the average cpi rate increase is 4.4%, the maximum monthly cpp payment in 2024 increased to $1,364.60, compared to $1,306.57 in 2023.