Cost Of Living Increase 2024 Canada Oas. Starting january 2024, there will be a 4.8% rise in pensions. Old age security payment amounts are reviewed each year in january, april, july and october to ensure they reflect cost of living increases, as measured by the consumer price index (cpi).
The adjustment will be included in. The maximum oas benefit from july to september 2024 is $718.33 per month for seniors aged 65 to 74.