2024 Cola Increase Canada Government Employees. Major settlements are those involving bargaining units of 500 or more employees. Canadian employers are projecting, on average, 3.3 per cent for merit increase budgets and 3.7 per cent for total increase budgets in 2024, compared to 3.6.

Major settlements are those involving bargaining units of 500 or more employees. Wrapping up 2023 and we have one more look at what employers are forecasting for salary increase budgets for 2024 in canada.