World Stamps

Canada Post proposes new postage rates

Feb 21, 2024, 11 AM

By David Hartwig

Canada Post has proposed a 7¢ increase in its domestic letter rate to go into effect May 6.

According to a Feb. 9 press release from Canada Post, rate increases also were proposed for mail to the United States, international mail and domestic registered mail.

The rate for mail from Canada to the United States would increase 10¢, from $1.30 to $1.40, according to a chart published in the Feb. 10 issue of Canada Gazette, the official newspaper of the government of Canada.

The price of a domestic-rate stamp for letters weighing up to 30 grams varies in Canada depending on how the stamp is purchased; stamps purchased as singles cost more than those purchased in booklets, coils or panes.

Under the new proposal, the basic domestic rate for stamps purchased in booklets, coils or panes would increase from 92¢ to 99¢. The price for stamps purchased as singles would increase from $1.07 to $1.15.

“While the Corporation has worked to minimize or hold rates for much of the last decade,” Canada Post said, “the cost of providing a postal service to all Canadians has also been steadily impacted by inflation. This, combined with the fact that each year there are fewer letters to deliver to more addresses, has put considerable financial pressure on Canada Post.”

In its press release, Canada Post said the estimated impact of the rate increase on the average household would be 65¢ a year and about $12 a year for small businesses.

The public notice in the Canada Gazette said, “The proposed regulated rate increases would generate approximately $23.8 million of additional gross revenue for Canada Post from May 2024 to April 2025.”

The Canadian public was given 30 days to comment on the rate proposals.

Connect with Linn’s Stamp News: 

    Sign up for our newsletter
    Like us on Facebook
    Follow us on Twitter