It will now cost significantly more to mail letters via Canada Post, as a new tiered pricing structure for domestic and international letters takes effect today.
On March 31, the price of Permanent (or "P") stamps bought in booklets, coils and panes will be 85 cents per stamp, up from 63 cents. "P" stamps are valid on standard letters under 30 grams mailed within Canada. A 22 cent stamp will be available as make-up postage for those customers who wish to use previously purchased 63 cent stamps. Permanent stamps, identified with the letter P in place of a value, will continue to be accepted even if they were purchased at a lower price prior to the adjustment.
Customers purchasing a single stamp will now pay $1, 37 cents from the current cost.
For commercial customers, the new pricing structure will be adjusted as follows:
Canada Post notes that businesses using postage meters or indicia will pay a new commercial rate of 75 cent for each domestic letter under 30 grams.
The pricing for U.S., international and oversized Lettermail will increase, falling in line with the new levels. However, the pricing for these services will not include uniquely differentiated prices for single stamps.
For the average small business, the estimated increase is over $50 a year.
Canada Post is advising they are introducing some temporary and permanent measures to support small businesses and charities.
In a statement announcing the changes, Canada Post notes this strategic adjustment to Lettermail pricing was a difficult decision, but it was also a case of necessity. Lettermail volumes have fallen steadily since 2007, and that trend continues as more and more Canadians turn to digital and mobile alternatives. With a mandate to serve all 15.5 million addresses in Canada – a number that rises on average by 170,000 addresses a year ‒, Canada Post must remain financially self-sufficient.