Mark Carney will be paid C$406,200 as the new prime minister of Canada, the equivalent of around US$282,000.

The Canadian PM’s salary is made up of two parts: a basic House of Commons salary of C$203,100 and an additional prime ministerial salary of the same amount.

In other words, the Canadian MP always earns twice that of a backbench House of Commons MP.

The salary of Canada’s national legislators is normally increased each April, with the next pay rise due on 1 April 2025.

At the time of writing (15 March 2025), Mark Carney is the 9th highest-paid world leader.

Ahead of him in the global pay charts are the leaders of Singapore, Germany, Switzerland, USA, Australia, Austria, Belgium and New Zealand.

See the map of world leader salaries

Photo credit: Bank of England (Flickr) / Nicholas Raymond (Flickr) / politicalsalaries.com