Cost Of Living Increase 2025 Canada. Retirement security in canada is for the most part upheld by the old age security (oas) program. The annual adjustment of the bpa helps to keep pace with inflation and the rising cost of living, ensuring that more income remains untaxed year over year.
The cola formula is set by legislation and is based on the measure of the change in the alberta consumer price index (acpi) monthly values reported by statistics canada. These increases are legislated under the canada pension plan act so that benefits keep up with the cost of living.
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