OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to end the bailouts for Canada Post after Ottawa announced another $1-billion so-called loan for the failing Crown corporation.

“The government shouldn’t bail out Canada Post with taxpayers’ money,” said Franco Terrazzano, CTF Federal Director. “The last billion-dollar bailout didn’t solve anything at Canada Post so why would another billion-dollar bailout be any different?

“The government needs stop wasting billions on failing Crown corporations like Canada Post.”

The federal government announced it’s giving Canada Post “up to $1.01 billion in repayable funding.”

This is in addition to the $1.03 billion the government gave Canada Post in 2025 in “repayable funding” to “prevent insolvency.” Canada Post is supposed to pay that funding back to taxpayers “in so far as [Canada Post’s] revenues are sufficient.”

Canada Post has lost money for seven straight years. The Crown corporation’s losses total $3.8 billion since 2018, according to its 2024 Annual Report.

The Crown corporation says its “2025 losses are expected to be the most significant of any annual losses in Canada Post’s history.”

The federal government is already borrowing about $80 billion this year. Debt interest charges will cost taxpayers $55.6 billion this year, which is more than the federal government will send to the provinces in health transfers or collect through the GST.

“The government is broke and taxpayers can’t afford to bailout every Crown corporation that goes to Ottawa begging for more money,” Terrazzano said. “The government needs to sell Canada Post or the Crown corporation needs to figure out how to survive without relying on taxpayer bailouts.”