Price of a domestic stamp would increase to 90 cents
Canada Post is proposing to increase postage rates from 85 cents to 90 cents next year.
The postage rate for domestic letter mail items weighing up to 30 grams when purchased in a booklet, coil or pane would increase to 90 cents while the price of a single domestic stamp would increase to $1.05 from the current rate of $1. The rate change would take effect on Jan. 14, 2019.
This January, the Government of Canada unveiled a new vision for Canada Post focused on ensuring Canadians have access to high-quality postal services at a reasonable price—regardless of where they live.
“Canada Post works to strike the right balance between the need for greater revenues and ensuring it continues to provide good value to the people who rely on the postal service,” reads a statement issued by the Crown corporation last week. “While usage varies, the impact of the first increase since 2014 would be less than a dollar a year for the average Canadian household and about $14 per year for the typical small business. Canadians can avoid the cost increase by purchasing Permanent stamps at the current rate in advance of the change.”
Canada Post is also proposing to increase rates for other domestic letter mail, U.S. and international letter-post items and domestic registered mail. The current proposals were published for comment on June 23 in the Canada Gazette. Going forward, the Crown corporation will resume its annual review of regulated postage rates.