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3mo ago

Justin Trudeau to Receive $8.4 Million in Pensions and $104,900 Severance

The Canadian Taxpayers Federation highlights pension and severance entitlements for 110 departing MPs, sparking renewed calls for reform of political compensation rules.

Andy Fillmore speaks to the crowd gathered at the Halifax Central Library after he was sworn in as the mayor of Halifax in December. Fillmore can draw an annual $54,000 MP pension to augment his mayoral salary of more than $200,000.
Former Cardigan MP Lawrence MacAulay, centre, and former prime minister Justin Trudeau, right, speak with local residents during a visit to the Stanley Bridge marina during a P.E.I. visit after post-tropical storm Fiona in 2022
Canada's Prime Minister Justin Trudeau speaks after Mark Carney was elected as Canada's Liberal Leader and Prime Minister-elect during the election of the new Liberal Party leader, in Ottawa on March 9, 2025.
Madawaska-Restigouche MP René Arseneault is the only outgoing New Brunswick MP on the list to qualify for a pension. Arseneault, 58, didn’t seek re-election after nine and a half years as MP and he will receive an annual starting pension of $56,000 that will total $2,492,000 by the time he reaches 90 years old.

Overview

  • Justin Trudeau will collect two taxpayer-funded pensions, totaling $8.4 million, with payouts starting at age 55 for his MP service and age 67 for his tenure as prime minister.
  • Trudeau is also entitled to a one-time severance payment of $104,900 after stepping down as an MP and prime minister earlier this year.
  • The Canadian Taxpayers Federation released calculations revealing that departing MPs will collectively receive $5 million annually in pensions and $6.6 million in severance payments.
  • Pension eligibility requires six years of service, with payouts beginning at age 55, while MPs who do not meet this threshold receive severance equal to half their annual salary.
  • Advocates are calling for reforms to eliminate dual pensions for future prime ministers and to reduce the financial burden of political compensation on taxpayers.