Canada Pension Plan (CPP) and Old Age Security (OAS) Benefit Rates Effective January 1, 2008
The following was released on the Canada News Site ..
OTTAWA, ONTARIO, December 21, 2007
Human Resources and Social Development Canada today announced the latest benefit rates for the Canada Pension Plan (CPP) and Old Age Security (OAS).
Canadians already receiving CPP benefits as of December 2007 will get an increase of 2.0 percent on January 1, 2008. Canada Pension Plan benefits are adjusted once a year, in January. Increases are based on changes over a 12-month period in the Consumer Price Index, which is the cost-of-living measure used by Statistics Canada.
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