Social Security Increase 2024 Canada Increase. In 2024, canadians can expect to see changes including an increase to the cpp maximum pensionable earnings, a higher oas clawback threshold, and routine inflation. Cpp and oas provide a base of retirement income, but most canadians need additional private savings and pensions for adequate funds in retirement.

Here’s a comprehensive breakdown of oas payments in 2024, including dates, increases, and helpful resources. The maximum limit of earnings protected by the cpp will also increase by 14% between 2024 and 2025.