As of March 31 a single stamp will cost $1.00 plus HST. This is an increase of 58% from the current $0.63. If you purchase a pack, stamps will cost $0.85 cents each, much like when you only need one screw at Home Depot but are forced to buy a package of 12! Canada Post announced last year that it is also phasing out door-to-door delivery of regular mail to urban residents.
According to Canada Post average parcel rates will also increase by approximately 3.2% and direct mail will increase from $0.61 to $0.65.
Now if I was to be implementing a “Going out of Business” plan then one good way to do so would be to raise my prices by 58% and decrease my services. I’m figuring that I would be out of business within a month.
As a retailer using Canada Post to communicate with and send packages to customers you are going to increase your shipping charges or absorb (Ha!) the increase.
So here is my plan – sorry everyone but there will be no more birthday, anniversary or other cards from me delivered by mail. I will either give them to you personally or send you an e-card depending on your location. All bills will be paid through direct deposit or online. With one exception; dealing with government agencies – yes you will still have to send them most communications by mail.
Now for comparison, and to be an objective reporter on cross-border prices, the cost to mail a letter within the U.S. will increased from $0.46 to $0.49 in 2014.