4.2 Percent Pay Hike for MPs Will Give Them an Extra $8K to $16K This Year: Taxpayers Federation

Two people walk toward the Centre Block on Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean Kilpatrick

Members of Parliament may be receiving a pay increase of between $8,000 and more than $16,000 a year in 2024, according to new figures released by the Canadian Taxpayers Federation (CTF).

The estimated 4.2 percent pay hike is slated for April 1 unless a wage freeze is put into effect, the CTF says.