Stamp prices are going up for Canadians under Budget 2026
The 40 per cent increase will have a 'relatively limited impact' on consumers and small businesses, the government said in the federal budget.
Canada Post is set to increase the price of stamps starting in 2027, as outlined in the federal budget presented on Thursday. The new rate will be $2 per stamp, up from the current $1.44 per stamp. This 40% increase, while having a "relatively limited impact" on consumers and small businesses, is estimated to cost approximately $6 more per year for individuals and $9 more per year for small businesses.
The budget states that this change will help offset some of the losses incurred by a decline in letter-sending and will help ensure continuous affordability. The last time stamp prices were raised was in 2025, when they increased by 25% to $1.44. Over the past decade, the cost of a single stamp has risen from $1 to the current price.
The budget aims to bring Canada Post's stamp pricing closer to that of OECD peers. For example, a single stamp in the UK costs £1.80 (approximately $1.89 CAD), while in New Zealand, it's $3.60 NZD (approximately $2.82 CAD). The United States is believed to have the lowest stamp price among OECD countries when adjusted for purchasing power parity, with one stamp costing $0.82 USD (approximately $1.15 CAD).
The budget does not specify when the increase will take effect, only indicating that it will happen sometime in 2027.
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