Canada Post awarded nearly $30 million in performance bonuses despite record annual loss

Canada Post awarded nearly $30 million in performance-based bonuses to executives and managers for 2025 despite reporting its largest annual financial loss on record. According to the Crown corporation's financial results, Canada Post posted a pre-tax loss of $1.57 billion in 2025.

The disclosure comes after the federal government approved $673 million in financial support for the Crown corporation as it continues to face mounting financial pressures. The bonus payments have drawn criticism amid ongoing concerns about the organization's long-term financial sustainability.

The Canadian Taxpayers Federation criticized the decision, saying performance bonuses should not be paid while a publicly owned corporation is operating with significant losses and receiving financial support. The organization argued the payments are difficult to justify given Canada Post's financial position.

A Canada Post spokesperson said the bonuses were paid from the corporation's operating revenues rather than from federal funding. The spokesperson also acknowledged that the decision is likely to raise public concerns given the organization's current financial challenges.

Canada Post has reported consecutive annual losses in recent years. The corporation also recorded a $205 million loss in the first quarter of 2026, according to its financial reporting.