Parliament of Canada Act (R.S.C., 1985, c. P-1)

Marginal note:Members of Parliament — fiscal year 2004-2005

• 55.1 (1) Despite section 55, the annual sessional allowance that shall be paid for the fiscal year commencing on April 1, 2004 to

  • (a) members of the Senate is $116,200; and

  • (b) members of the House of Commons is $141,200.

• Marginal note:Subsequent fiscal years

  (2) Despite section 55, the annual sessional allowance that shall be paid for each fiscal year subsequent to March 31, 2005 to

  • (a) members of the Senate is the sessional allowance calculated in accordance with paragraph (b) minus $25,000; and

  • (b) members of the House of Commons is the sessional allowance for the previous fiscal year plus the amount obtained by multiplying that sessional allowance by the index described in section 67.1 for the previous calendar year.