Canada Pension Boost Confirmed – Expected Increases for CPP, GIS, and OAS Pensions in August 2024
The Canadian government offers several programs to address retirees’ primary concerns: health and pensions. Payments under the Old Age Security (OAS) and Canada Pension Plan (CPP) are indexed annually to account for inflation and cost of living increases. Starting January 2024, there will be a 4.8% rise in pensions. This adjustment applies to all pensioners, … Read more