2024 Cpp Rate Increase. โ the maximum limit of earnings protected by the cpp will also increase by 14% between 2024 and 2025. Based on changes in the consumer price index (cpi), oas benefits have increased by 0.7% for the july to september 2024 quarter, for an increase of 2.8% over the past year,.
Overall, people earning over $73,200 will be contributing an extra $300 in 2024, compared to their previous contribution. Employer and employee cpp contribution rates for 2024 will remain at 5.95%, and the maximum contribution will be $3,867.50 each, up from $3,754.45 in 2023.