Canada Post management given $30.8 million in performance pay despite record losses
Canada Post said the payments were part of its compensation program and equal less than 1% of annual labour expenses, the company said.
- On July 9, Canada Post disclosed to Parliament that it paid $30.8 million in performance-based awards to 2,377 managers and executives in 2025, despite reporting record-breaking $1.57 billion in losses.
- The corporation reported an unprecedented $1.57 billion pre-tax loss in 2025, prompting a major transformation plan that includes ending home mail delivery for approximately 4 million Canadian households.
- Canada Post distributed the $30.8 million among 2,377 management employees, including 417 executives, averaging nearly $13,000 each; the corporation describes these as "at-risk payments" intended to retain leadership during restructuring.
- Canadian Taxpayers Federation federal director Franco Terrazzano called the payouts "infuriating," as Ottawa recently approved a $673 million repayable bridge bailout to keep the postal service afloat.
- Amid continued financial strain, the service reported $205 million in pre-tax losses during the first quarter of 2026, significantly higher than the $41 million loss recorded in Q1 2025.
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Canada Post's employers received over $30 million in premiums last year despite historical losses.
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620 CKRM The Source | Country Music, News, Sports in Sask…‘Outrageous’: Taxpayers Federation slams Canada Post bonuses
Nearly $31 million in bonuses for executives and managers at Canada Post; other bonuses at other Crown corporations also under fire.
Canada Post paid $30.8M in bonuses after $1B taxpayer bailout, records show
Subhead:Executives and managers received significant bonuses despite Canada Post struggling financially and receiving huge sums of taxpayer funds.# Canada Post paid out $30.8 million in bonuses to executives and managers in 2025 despite posting a record financial loss and relying on more than $1 billion in taxpayer support, according to government records obtained by the Canadian Taxpayers Federation. The records, disclosed to Parliament's gov…
Canada Post handed out $30.8M in management bonuses in 2025 despite $1.57B deficit
The CTF points to Canada Mortgage and Housing Corporation, VIA Rail and Alto, the federal Crown corporation that oversees the government’s high-speed rail project, as other Crown corporations that have handed out millions of dollars in bonuses, despite underperforming. The post Canada Post handed out $30.8M in management bonuses in 2025 despite $1.57B deficit appeared first on GrowCola.com.
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