A tentative agreement has been reached between the Canada Revenue Agency and more than 35,000 federal public service workers. A news release from PSAC and the Union of Taxation Employees says the agreement puts an immediate end to the strike which began on April 19th. The new collective agreement spans October 2021 to October of 2025, which the union says provides wage increases that close the gap with inflation, totaling 12.6 per cent in compounded wage increases over the four years.
From the news release: “The PSAC-UTE bargaining team negotiated wage increases totaling 12.6% compounded over the life of the agreement from 2021–2024. PSAC-UTE secured an additional fourth year in the agreement that protects workers from inflation, as well as a pensionable $2,500 one-time lump sum payment that represents an additional 3.6% of salary for the averagePSAC-UTE member.”
| Year of the agreement | 2021 | 2022 | 2023 | 2024 | Total |
| Wage increase | 1.5% | 4.75% | 3.5% | 2.25% | 12% |
| Total compounded wage increase | 1.5% | 6.4% | 10.1% | 12.6% | 12.6% |
