Yes, Justin Trudeau is getting two pensions — and they're worth millions

Former Canadian Prime Minister Justin Trudeau may be out of office, but his bank account is far from retiring.

According to new estimates from the Canadian Taxpayers Federation (CTF), the ex-Liberal leader is set to receive two lifetime pensions that could add up to over $8.4 million — not including the six-figure severance he already got when he stepped down in March.

Trudeau, now 53, will begin collecting his first pension in two years, earning around $141,000 annually for his time as a Member of Parliament. That alone could bring in about $6.5 million if he lives to 90. On top of that, he'll receive a second pension of $73,000 per year starting at age 67 for his time as PM, worth an estimated $1.9 million over time.

He also received a $104,900 departure allowance this year when he officially left federal politics.

The dual-pension setup has raised eyebrows with some critics — particularly the CTF, which is calling on Ottawa to change the rules. "A prime minister who's already making millions from one pension has no reason to get a second one at taxpayers' expense," said Nicolas Gagnon, the organization's Quebec director, in a press release.

And Trudeau isn't the only one benefiting. According to the CTF, the 110 MPs who either lost their seats or chose not to run in the 2025 election are set to receive a combined $5 million in annual pension payouts. If they live to 90, the long-term total could hit nearly $187 million.

To view the complete list of amounts paid to former members of the Canadian parliament, click here.

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