Canada Post Proposes New Postage Rates for 2019
Canada Post is proposing to increase postage rates in 2019. The good news for online merchants is that the rate increases are for Lettermail only and do not impact any parcel shipments.
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The postage rate for domestic Lettermail items weighing 30 grams or less when purchased in a booklet, coil or pane would increase to $0.90 from the current rate of $0.85. The price of a single domestic stamp would increase to $1.05 from the current rate of $1.00. The rate change would take effect on January 14, 2019.
In January 2018, 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, no matter where they live.
This requires the Corporation to remain financially viable, generating sufficient revenues to support current and future services.
READ MORE: Canada Post Reports $70 Million Profit – Credits Growth in Parcel Volume
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.
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 Lettermail, U.S. and international Letter-post items and domestic Registered MailTM.
The current proposals will be published for comment on June 23, 2018 in the Canada Gazette Part I. Going forward, the Corporation will resume its annual review of regulated postage rates.
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Richard is co-founder of eSeller365. He has over 17 years of experience on eBay which includes tens of thousands of sales to buyers in over 100 countries and even has experience with eBay’s VeRO program enforcing intellectual property rights for a former employer. And for about two years Richard sold products on Amazon using Amazon FBA in the US.
To “relax” from the daily business grind, for a few weekends a year, he also works for IMSA as a professional race official.