Canadian MPs will now earn more than $200,000 a year thanks to a pay increase that takes effect Monday.
Salaries for special positions such as ministers, parliamentary secretaries, speakers, and prime ministers will also rise. The increase will bring Prime Minister Justin Trudeau’s salary to more than $400,000 a year.
The annual increases included in the law governing politicians’ salaries will mean that MPs from all walks of life will see their pay rise. The exact number of increases each year can be obtained by tracking private sector payment growth metrics. According to the House of Commons.
At this year’s rate of increase, this figure equates to 4.4 percent. This means a backbench MP’s standard salary will increase by his $8,500.
Prime Minister Trudeau will earn $406,200 a year, Opposition Leader Pierre Poièvre will earn $299,900, and cabinet members will earn just under $300,000.
People in special positions such as Federalist Party leaders, parliamentary secretaries, House leaders and party leaders will also receive raises.
Senators’ salaries will also increase by $8,500 to $178,100.
The Canadian Taxpayers Federation, an advocacy group that works to cut taxes and scrutinize government spending, has already criticized the tax increase.
“MPs are taking more money out of Canadians’ pockets and stuffing even more money into their own pockets, and that’s wrong,” Terrazzano said. stated in the release. “Lawmakers should provide tax cuts, not raise taxes or their own salaries.”
The federal government is scheduled to announce its budget on April 16th.