Canada Post: stamp price increases by 25% on Monday

Starting Monday, the price of Canada Post stamps will be increased. They will therefore go from 99 cents to $1.24 when purchased in booklets, rolls or sheets, an increase of 25%.

The price of a stamp purchased individually will increase from $1.15 to $1.44.

The increase in the price of stamps is not linked to the strike of 55,000 members of the Postal Workers’ Union. It was announced last September, while the strike took place from mid-November to mid-December.

Canada Post projects that this 25% increase will generate approximately $80 million in additional gross annual revenues for the year 2025.

She explains that this increase is necessary to better align the price of stamps with the increasing cost of providing the service throughout Canada.

Every year we deliver fewer letters, but we have to deliver them to more addresses, which puts significant pressure on the company’s costsexplains Canada Post.

Thus, from 2006 to 2023, the number of letters to be delivered increased from 5.5 billion to 2.2 billion.

During this period, the number of addresses served has increased by more than 3 million, from 14.3 million in 2006 to 17.4 million in 2023, and this number continues to risespecified Canada Post.

Impact on customers

Canada Post has estimated that the impact of the rate increase for the average Canadian household will be $2.26 per year, and $42.17 per year for the average Canadian small business.

For large companies that still send a lot of invoices, statements and letters, the increase in the price of stamps can nevertheless represent a significant amount.

For example, at Hydro-Québec, we expect this increase in the price of Canada Post stamps to represent additional costs of around $3 to $4 million in 2025.

Same phenomenon at the Société de l’assurance automobile du Québec (SAAQ). Using 2024 data, the Corporation estimates that the additional costs related to the average 25% increase in Canada Post rates will be between $6 million and $7 million for fiscal year 2025said the SAAQ.