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.

Show More

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.

Leave a Reply

Canadian Military Family Magazine
Close