this post was submitted on 25 Sep 2025
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I think the angle people aren't looking at more is the financial side of things and actually calculating it out. [https://www.canadapost-postescanada.ca/cpc/en/our-company/financial-and-sustainability-reports/2024-annual-report/our-financial-picture.page](Canada Post's Financials - See the first chart yourselves)
So it seems like 2018 they invested a little and the loss reduced. COVID happened so the big loss there isn't surprising. However, in between the reduced service, someone ate their lunch or their upper management / c-suite / board no longer has the qualifications to lead it's own team. Change the management already.
The monetary part of how much this subscription to Canada Post is going to be..: 841 million/41 million (current Canadian population) ~= $20.51 cents (rough math of ~$52.56 dollars per household based on 16 million addresses in Canada Post's system) Canadian to have delivery/mailbox/post offices/parcel pickups. Now go compare the rates that Canada Post offers versus FedDex, DHL etc. Ask yourself, would you still use Canada Post?
So yeah, let's all be outraged about $52.56 dollars for this service.
Federal government is spending 13 billion on a VW battery plant in St Thomas, Ontario
That's 13 billion dollars / 41.million Canadians = $317 per Canadian
This is projected to employ 3000 people. Canada Post employs 62,300 people.
Canada post employs 21 X as many people as the VW plant hopes too.
CP could lose 1 billion a year for 273 years before it would cost the Canadian tax payer as much per job as the VW plant workers do. And that is if the VW plant stays on target and doesn't end up like North Volt
I don't know what the path forward for Canada Post is but the government narrative is whack. If the government is trying to save money why are they spending so much for 3000 jobs and celebrating that as a huge win?
It seems like they don't value workers or Canadians just corporate profits at the Canadian tax payers expense.
We should expect more from our government.
The $13B was production based tax credits. No one explains how government funding works, or the milestones.
Maybe instead of giving away tax credits, they should use those taxes to improve Canada Post...
Tax credits are not the same thing as cash. You can't "spend tax credits" on Canada post, the credits are there to bring the business in and give them credits based on the further income they bring to the country
If they didn't give out tax credits then they would receive that amount in taxes. From the government's point of view tax credits are a reduction in revenue.
I don't think 10% fewer tax credits would have made the difference of the factory being built or not. VW has plenty of money to pay taxes.
The whole point of the tax credits was to convince them to bring the business here in the first place.
Decrease the tax credits by 10%, sure. The business goes elsewhere to build their factory, what's 10% of $0?