Canada Post has awarded $30.8 million in performance-based payments to its executives and managers in 2025, a move that has ignited public outcry given the Crown corporation's dire financial situation. This comes in the same year that Canada Post reported unprecedented losses before tax, reaching $1.57 billion, and received significant federal bailouts totaling over $1 billion.
The payments, referred to as "at-risk payments" by Canada Post rather than bonuses, were revealed in documents submitted to Parliament's Standing Committee on Government Operations and Estimates. The Canadian Taxpayers Federation has strongly criticized the decision, with federal director Franco Terrazzano stating, "It's infuriating that Crown corporation executives think they are entitled to bonuses when they're hemorrhaging money and relying on taxpayer handouts."
While Canada Post states these payments are funded from its own revenues and are part of an existing compensation program aimed at retaining talent during its transformation, the optics remain challenging. A spokesperson acknowledged, "With our financial situation, we understand the optics and the concerns this decision will raise." The average payment for management and executives, which includes 417 executives and 2,377 management employees, could amount to approximately $13,000 each, though Canada Post has not provided a detailed breakdown of how much went specifically to executives.
These executive payments occurred as Canada Post faces ongoing financial pressures, including declining mail volumes and the need to adapt to evolving delivery models. The corporation has already begun significant transformations, including the end of home mail delivery for millions of Canadians. The record losses in 2025 followed eight consecutive years of financial deficits, accumulating to approximately $5.4 billion.
