Sports

This Is How Much Money Quebec Medal Winners Can Expect To Take Home From The Olympics

The Canadian Olympic Committee pays bronze, silver and gold medalists.

The Tokyo 2020 Olympics are in full swing, and Team Canada has bagged 12 Olympic medals so far, including three gold medals.

The International Olympic Committee does not pay athletes for attending or winning medals at the Olympic Games — but Team Canada's athletes can be offered cash prizes from an official Canadian Olympic Committee fund.

The Canadian Olympic Committee's Athlete Excellence Fund (AEF) awards athletes who win gold, silver and bronze medals for Team Canada.

What's more is that the AEF doesn't have a cap for eligible athletes — if an athlete wins more than one medal, they're awarded the cash prize that matches it, regardless of whether they won the medal for a team sport or individually.

Gold medal winners receive $20,000 per medal, silver medal winners receive $15,000 per medal, and bronze medalists receive $10,000 per medal.

Outside of the Olympics, the AEF also offers $5,000 in funding for World Championships to support athletes' cost of living, training and competition expenses.

For the Tokyo 2020 Olympics, Rimouski weightlifter Maude Charron is eligible for the $20,000 prize after winning a gold medal in the women's 64-kilogram competition.

Montreal divers Jennifer Abel and Mélissa Citrini-Beaulieu can also each be awarded the $15,000 prize for gaining a silver medal during the women's 3-metre synchronized springboard final.

Catherine Beauchemin-Pinard — who hails from Montreal — is eligible for the $10,000 prize after snagging a bronze medal in women's judo.