- Reaction score
- 2,290
- Points
- 1,190
Can someone help me out with the details of how CFHD works.
So, you look up the table for pay levels, and let's say I make $7200/month, so I'm at Pay Level 6 and live in Halifax. Accordinly, my CFCD amount is $350.
However, the CANFORGEN says that the CFHD will be calculated annually based on:
"The pre-determined average rent for your place of work minus a fixed percentage of your gross monthly salary."
Average 2-bedroom rent in Halifax is around $2250, (some say as high as $2350) and let's use "25%" as the percent of gross monthly salary, because it's the number that keeps kicking around. So, 25% of my $7200 salary is $1800.
So, $2250 - $1800 = $450.
But the tables said my CFHD is $350... is it $350 or $450?
I'm confused.
So, you look up the table for pay levels, and let's say I make $7200/month, so I'm at Pay Level 6 and live in Halifax. Accordinly, my CFCD amount is $350.
However, the CANFORGEN says that the CFHD will be calculated annually based on:
"The pre-determined average rent for your place of work minus a fixed percentage of your gross monthly salary."
Average 2-bedroom rent in Halifax is around $2250, (some say as high as $2350) and let's use "25%" as the percent of gross monthly salary, because it's the number that keeps kicking around. So, 25% of my $7200 salary is $1800.
So, $2250 - $1800 = $450.
But the tables said my CFHD is $350... is it $350 or $450?
I'm confused.