Projected Cola Increase For 2024 In Canada.  — canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to 3.6. The maximum limit of earnings protected by the cpp will also increase by 14% between 2024 and 2025.

They come into effect each.  — social security benefits for millions of people will rise by an average of over $50 a month starting in january, thanks to the social security administration’s 3.2%.