Question Period Note: Canada Post plan for financial self-sustainability

Canada Post has submitted its plan to return the corporation to financial self-sustainability to the Minister.

• As our government reviews its balance sheet so we can spend less and invest more, we have asked Canada Post to do the same
  • I received Canada Post’s plan on November 7, 2025, and I am reviewing it carefully
  • The Government of Canada has removed long-standing barriers to postal reform, and now Canada Post must take decisive action to deliver the services Canadians need in a way that is financially sustainable

If pressed on the rural postal service:

• The Government is reviewing Canada Post’s plan to transform the post office network to ensure that the universal service obligation is upheld from coast to coast to coast

On September 25, 2025, the Government announced it was accepting the recommendations of the Industrial Inquiry Commission and instructed Canada Post to develop a comprehensive transformation plan, given that additional measures would be necessary to return the Corporation to financial solvency.

On November 7, 2025, Canada Post submitted its comprehensive transformation plan to the Minister of Government Transformation, Public Works and Procurement. The plan lays out an implementation strategy for conversions to community mailboxes, modernizing its network of post offices (following the lifting of the rural moratorium, while ensuring the maintenance of service to rural, remote, and Indigenous communities), amending service standards for letter mail and reducing its management and overhead costs.

As part of Budget 2025, the Government is also proposing amendments to the Canada Post Corporation Act to deregulate the stamp rate-setting process and enable Canada Post to set stamp rates, without the approval of the Governor in Council, in line with recommendation #7 of the Industrial Inquiry Commission (Kaplan report).

On September 25, 2025, the Minister of Government Transformation, Public Works and Procurement instructed Canada Post to provide, within 45 days, a comprehensive transformation plan to not only implement the recommendations of the Industrial Inquiry Commission but also to propose additional measures to restore the corporation to financial solvency, including reducing its management and overhead costs.