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20h ago

Justin Trudeau’s $8.4M Pension and $104,900 Severance Ignite Calls for Reform

The Canadian Taxpayers Federation highlights Trudeau's dual pensions and severance, urging changes to reduce taxpayer burdens.

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.
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Overview

  • Former Canadian prime minister Justin Trudeau will receive two taxpayer-funded pensions totaling $8.4 million and a $104,900 severance payment after stepping down in January 2025.
  • Trudeau’s MP pension will begin in 2026 at $141,000 annually, potentially reaching $6.5 million by age 90, while his prime minister pension starts at $73,000 annually in 2038, totaling $1.9 million by age 90.
  • The Canadian Taxpayers Federation released calculations for the pension and severance entitlements of 110 outgoing MPs, including Trudeau, as part of its May 2025 report.
  • Franco Terrazzano, federal director of the Canadian Taxpayers Federation, called for eliminating secondary pensions for future prime ministers and broader reforms to reduce political compensation costs.
  • The report has reignited debates over transparency, accountability, and the disparity between political pensions and limited private-sector retirement benefits.