Canada Post doles out $30.8M in bonuses while receiving billions in federal bailouts
· Toronto Sun
See more Toronto Sun on Google — save as a Preferred Source
Visit casino-promo.biz for more information.
OTTAWA — They’re pushing the envelope.
That’s what the Canadian Taxpayers Federation (CTF) is saying about new data showing that while Canada Post was receiving billions in government bailouts amid staggering revenue losses, top executives and managers took home $30.8 million in bonuses last year.
“It’s absolutely unacceptable that Canada Post is handing out bonuses while taking a taxpayer-funded bailout,” said CTF Federal Director Franco Terrazzano.
“If Canada Post is taking taxpayer-funded bailouts, then there’s no way its managers and executives should be showering themselves with bonuses.”
According to the corporation’s report to the House of Commons Standing Committee on Government Operations and Estimates (OGGO,) the payments are part of an existing compensation program funded not by government bailouts but through Canada Post’s own revenues.
“Excluding employees represented by APOC (Association of Postal Officials of Canada) and PSAC (Public Service Alliance of Canada,) Canada Post has 2,377 management employees at all levels across the country, including 417 at the executive level,” an excerpt from the report reads.
“For 2025, at-risk payments for the management employee group totaled $30.8 million This amount represents less than 1% of our total annual labour expenses.”
“At-risk” payments refer to Canada Post’s performance incentive program, where bonus pay must be re-earned each year by meeting performance goals. The payments are typically a variable percentage of an employee’s salary and are paid once the criteria are met.
Canada Post reported a $181-million Q1 loss
As changes in society and technology mean fewer Canadians rely on the postal system, Canada Post has been left dealing with rising costs and falling revenues.
In a May 29 press release, Canada Post reported a $181-million in the first quarter of 2026 compared with the same time period last year.
The corporation blamed the latest decline on falling volumes across all of its business sectors, pointing to lingering labour uncertainty as a key factor.
While members of the Canadian Union of Postal Workers (CUPW) ratified a new contract last month , the corporation is still in the midst of generational changes in how they do business — including plans to halt door-to-door delivery in the one-quarter of the country that is not served by community mailboxes.
Canada Post received its third federal bailout in May , bringing total government financial support for the struggling Crown corporation to $2.72 billion.
In January 2025, Canada Post received a $1.034-billion loan from federal coffers, followed by a second bailout of $1.008 billion this January.
Canada Post acknowledges the optics
Canada Post’s response to the Sun’s inquiries largely matched what was included in its committee report, but said the corporation remains focused on ensuring employees deliver the performance and results needed to help it adapt.
“With our financial situation, we understand the optics and the concerns this decision will raise,” the statement said.
“These payments are part of an existing compensation program and are funded from Canada Post’s own revenues, not the repayable government bridge funding we’ve received. Our objective is to re-establish a sustainable, reliable postal service for all Canadians that can pay back those loans as quickly as possible.”
Canada Post said managers have already seen the elimination of guaranteed pensions, more than a decade of frozen salary grids and numerous layoffs.
“These changes have reduced management costs, but have resulted in key employees leaving for better-paying jobs in the public and private sector,” the statement said.
“Those who stay know we are committed to further actions to reach the 20% reduction in management announced by our Minister.”