Chapter 6 · 6.3 Lowering the costs of government
Modernising Canada Post
Savings or revenue
−$102M net impact on the budgetary balance over five years, 2026-27 to 2030-31.
The cost line
| Line | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 | Total |
|---|---|---|---|---|---|---|
| Modernising Canada Post | 32 | 60 | 74 | 86 | 94 | 346 |
| Less: Projected savings | −4 | −28 | −83 | −139 | −194 | −448 |
| Net fiscal impact | 28 | 32 | −9 | −53 | −100 | −102 |
… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.
What the budget says
“Budget 2026 proposes to: Provide additional support to Canada Post's operations including $1.4 billion over two years.”
Budget 2026, p. 304 (PDF p. 322)
Amounts named in the text
Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.
- $1.4 billion over two years
- $1.2 billion over seven years
- $2.2 billion
- $101.4 million
- $28 million in future years
Also in this section
- Strengthening the effectiveness of fines and penalties−$186MSavings or revenue
- Strengthening tax compliance−$1.06BSavings or revenue
- Renewing the public service - aligning operating budgets with ERI personnel savings−$400MSavings or revenue
- Renewing the public service - savings on CPP employer contribution costs−$305MSavings or revenue
- Streamlining the delivery of federal financing$3MProgram spendingLoans, equity or financing
- Update on ongoing horizontal reviewsno cost lineNo cost lineLoans, equity or financing