Canada Post paid $30.8 million in bonuses to executives and managers in 2025 despite posting a record financial loss of nearly $1.6 billion and receiving more than $1 billion in federal financial assistance, according to documents released to Parliament.
The figures were disclosed in records provided by Canada Post to the House of Commons Standing Committee on Government Operations and Estimates following requests for information about executive compensation. The information has since drawn criticism from the Canadian Taxpayers Federation (CTF), which argues performance-based bonuses should not be paid while the Crown corporation continues to rely on taxpayer support.
“It’s absolutely unacceptable that Canada Post is handing out bonuses while taking a taxpayer-funded bailout,” said Franco Terrazzano, the CTF’s federal director. “If Canada Post is taking taxpayer-funded bailouts, then there’s no way its managers and executives should be showering themselves with bonuses.”
According to the parliamentary records, Canada Post approved $30.8 million in bonuses for executives and managers during 2025. Based on the information released, the average bonus amounted to approximately $13,000.
However, Canada Post did not provide a detailed breakdown separating executive bonuses from those paid to management employees, nor did it disclose how many executives received incentive payments. The Crown corporation also did not release information regarding bonuses paid to non-management staff.
The CTF said it initially sought the records through an access-to-information request filed in February 2026 but alleged Canada Post did not release the information until members of Parliament required the corporation to provide it to the committee.
The bonus payments come as Canada Post continues to face significant financial challenges. The corporation reported a loss before tax of nearly $1.6 billion in 2025, the largest annual loss in its history, bringing cumulative losses over the past eight years to approximately $5.4 billion.
Last year, the federal government provided Canada Post with up to $1.03 billion in repayable funding intended to support operations through the federal fiscal year ending March 31, 2026. Canada Post later advised that the funding would be insufficient because of the severity of its financial position.
In February, the federal government announced access to an additional $1.01 billion in short-term financing to help maintain operations while broader structural reforms are considered.
“It’s infuriating that Crown corporation executives think they are entitled to bonuses when they’re hemorrhaging money and relying on taxpayer handouts,” Terrazzano said. “Prime Minister Mark Carney needs to step in and shut down these taxpayer-funded bonuses for failure.”
The issue comes as Canada Post continues efforts to modernize its operations amid declining letter-mail volumes, increasing parcel competition and rising labour costs. The corporation has maintained that significant operational changes will be required to restore long-term financial sustainability.
The debate over executive compensation also extends beyond Canada Post. The CTF noted that several other federal Crown corporations, including the Canada Mortgage and Housing Corporation, VIA Rail and Alto, also paid performance bonuses during the past year despite facing financial or operational challenges.