Compensation model for the Assault-Style Firearms Compensation Program

Compensation for businesses

Compensation amounts were determined following in-depth research, including:

Priority was given to manufacturer and Canadian retail prices where possible. Firearms industry representatives confirm that compensation amounts reasonably reflect what a business may have paid for the eligible firearms and devices in, or before, 2020.

Businesses receive an additional $250 for each firearm turned in to offset processing and packaging costs, as well as inventory and holding costs incurred since the 2020 prohibition.

In the exceptional case of a firearm with a rare background or unique original features, businesses may request a compensation review if they believe the set compensation amount offered by the program doesn’t reflect what a business would have paid for the firearm. See details on requesting a compensation review.

Deactivation

Businesses who choose to permanently deactivate their prohibited firearms are reimbursed at a flat rate fee of:

Compensation for deactivation is a flat rate and does not include any additional administrative payments.

Eligible parts and components

Businesses receive compensation for turning in certain firearms parts and components. These parts and components are required for the successful operation of a prohibited firearm or are part of the manufacturer standard.

Businesses will need to:

Compensation for individuals

More information on the compensation model for individuals will be provided at a later date.

Page details

Date modified: