Perquisites
The term "Member of Parliament" is usually used only to refer to members of the House of Commons, even though the Senate is also a part of Parliament. Members of the House of Commons may use the post-nominal letters "MP". The annual salary of each Member of Parliament is, as of 2010, $157,731; members may receive additional salaries in right of other offices they hold (for instance, the Speakership). MPs rank immediately below senators in the order of precedence.
Read more about this topic: House Of Commons Of Canada