Money MattersPolicy

Raise and Back Pay to Arrive in Accounts mid-July 2023

Above image of soldier courtesy of the CAF.

Canadian Armed Forces (CAF) members will not receive the lump sum back pay from the recently announced multi-year Economic Increase until mid-July this year.

Earlier this year, the CAF announced that a significant raise had been approved by the Treasury Board of Canada. The raise would impact non-commissioned members, general service officers and pilots in the rank of Lieutenant-Colonel and below. Additionally, medical and dental officers will also benefit from the pay increase.

Information courtesy of Canadian Armed Forces.

The pay increase is as follows:

  • Effective April 1, 2021, is a 1.5 per cent increase;
  • Effective April 1, 2022, is a 3.5 per cent increase;
  • Effective April 1, 2023, is a 3 per cent increase;
  • And, effective April 1, 2024, is a 2 per cent increase.

“Payments for fiscal years 2021 and 2022 will be paid in a lump sum that is expected to appear on the mid-July 2023 pay,” stated Lt. Geneviève Paris, Public Affairs Officer with the Canadian Armed Forces.

Additionally, a lump sum payment for the three per cent raise from April 2023 to July 2023 will also appear on the mid-July pay.

Information courtesy of Canadian Armed Forces.

Along with the lump sum back pay, the increase itself will be compounded and seen on the mid-July pay as well.

“Non-commissioned members, general service officers, and pilots in the rank of lieutenant-colonel and below, as well as all medical and dental officers, will receive a compounded pay increase of 10.4 per cent,” noted Lt. Paris.

To learn more about the pay rates, visit here on the DWAN.

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Mishall Rehman

Originally from Atlanta, GA, Mishall is a freelance journalist pursuing her passion for writing in her new homeland Canada. She currently lives in Trenton, ON with her husband.

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