Principal Allowance. 4.2.1.1. Principal Allowance Table: Base Allowance Effective until June 9, 2022 Effective June 10, 2022 0.50% Increase Effective September 1, 2022 1.25% Increase Effective September 1, 2023 2.00% Increase per student for the first 300 students $ 28.55 $ 28.69 $ 29.05 $ 29.63 per student thereafter $ 20.72 $ 20.82 $ 21.08 $ 21.50 4.2.1.2. Notwithstanding any other provision in the collective agreement, principals shall receive a minimum allowance of twenty-five thousand ($25,000) annually, prorated based on FTE.
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Sources: Collective Agreement, Collective Agreement