Social Security Increase 2024 Canada Update . July amounts of the old age security (oas). Budget 2024 takes action to ensure canada's social safety net works for every generation, especially for millennials and gen z.
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. Oas benefits increased by 0.7%.
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