Cost Of Living Increase 2025 Canada. As the impacts of monetary policy easing continue to work through the economy, growth in gross domestic product (gdp) is projected to increase from about 1.3% in 2024 to. Starting january 1, 2025, cpp benefits will increase by 2.6%, reflecting the rise in the cost of living during 2024.
Letโs see how this raise applies to various monthly. Hamilton’s proposed budget for 2025 would see property taxes increase by 6.3 per cent.