Current Cost Of Living Increase 2025 Canada. The average cost of living for a couple in toronto is $3,326.50. Old age security payment amounts are reviewed each year in january, april, july and october to ensure they reflect cost of living increases, as measured by the consumer.
The average cost of living in canada is $2,611 per month. The canada pension plan (cpp) provides income to canadians in retirement, and its payments are adjusted every january to reflect changes in the consumer price.