What Is The Cola Increase For 2024 In Canada. Number of agreements number of employees duration of agreements in months (average). The 3.2% benefit increase in 2024 raised the average social security check amount by $59 per month.

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 per cent and 4.1 per cent,. This state ranks as the best for retirement.