Cost Of Living 2024 Payment Canada. In 2024, canada is implementing a cost of living increase of 4% to help citizens cope with inflation. The average cost of living in canada can widely vary depending on the province and city you live in.
In 2024, canadians will see several cost of living adjustments to key benefits such as the canada pension plan (cpp), old age security (oas), the gst/hst credit,. Expenses such as housing, transportation, and food can be.