Cost Of Living Increase 2024 Canada Oas. The indexing of public service pension plan benefits is governed by two pieces of legislation; Every year, pensions under the old age security (oas) and canada pension plan (cpp) are adjusted to account for inflation and the cost of living.

The old age security pension is reviewed in january, april, july and october to reflect increases in the cost of living as. The maximum oas benefit from july to september 2024 is $718.33 per month for seniors aged 65 to 74.