More than 100 former Members of Parliament (MP) are in line to receive millions in taxpayer funded pension and severance payouts following the 2025 federal election, according to the Canadian Taxpayers Federation (CTF).The CTF says 110 MPs who were defeated or chose not to run again will split about $5 million in annual pension payments, with a total payout reaching $187 million by age 90. In addition, the CTF estimates $6.6 million in severance will be handed out.“Taxpayers shouldn’t feel too bad for the politicians who lost the election because they’ll be cashing big severance or pension cheques,” said Franco Terrazzano, CTF Federal Director. “Thanks to past pension reforms, taxpayers will not have to shoulder as much of the burden as they used to. But there’s more work to do to make politician pay affordable for taxpayers.”.Former prime minister Justin Trudeau is set to receive two separate pensions, worth a combined $8.4 million if he lives to age 90. One pension, tied to his service as an MP, will pay him $141,000 a year starting at age 55. A second pension for his time as prime minister will begin at $73,000 annually when he turns 67.Trudeau will also receive a one-time $104,900 severance payout after stepping down ahead of the election..“Taxpayers need to see leadership at the top and that means reforming pensions and ending the pay raises MPs take every year,” Terrazzano said. “A prime minister already takes millions through their first pension, they shouldn’t be billing taxpayers more for their second pension. The government must end the second pension for all future prime ministers.”The CTF reports 13 former MPs will receive more than $100,000 a year in pension income.
