![[Canada] Canada Post $30.8m boss bonuses despite $1.57b deficit](http://gpa.net/cdn/shop/articles/bigstock--137370719_1_acc49273-5676-496b-b46e-e8284d7444ff_1200x.jpg?v=1784777548)
In Canada, disclosure provided to the House of Commons Standing Committee on Government Operations and Estimates has revealed that Canada Post gave $30.8 million in bonuses to its management employees in 2025, National Post reports.
In an appearance before the committee on June 18, Doug Ettinger - the Crown corporation’s president and CEO - acknowledged that it lost $1.57 billion in 2025. However, he stated that it was a bad year due to 220 days of “labour disruptions”.
Mr Ettinger stated that the “real deficit” was “closer to a billion.” (The $1.57 billion was admitted to in Canada Post’s 2025 annual report.)
He reportedly failed to mention the $1.03 billion federal government bailout in early 2025 or the $1.01 billion given to Canada Post by Ottawa in February 2026 as a “short-term financial bridge.”
The situation reportedly drew criticism from the Canadian Taxpayers Federation (CTF).
“If Canada Post is taking taxpayer-funded bailouts, then there’s no way its managers and executives should be showering themselves with bonuses,” Franco Terrazzano - the CTF’s federal director - said in a statement.
Mr Ettinger told the government operations committee that he didn’t have the bonus figures available but promised to provide them at a later date.
He added that Canada Post is undergoing a historic transformation, stating that the “at risk” bonus program provides the bonuses that were part of the compensation for 7,000 employees, including management and frontline supervisors.
He defended the “at risk” bonuses by citing that Canada Post has “cut a lot of costs on the management side. We’ve taken out more than 10 per cent from our management and executive.”
According to Mr Ettinger, the guaranteed pension program is gone and has been replaced by a defined contribution plan. He also has a DC pension plan.
He reportedly noted that the corporation also “took over 200 million over the last two years out of the discretionary travel budget.”
The CTF says it filed an access-to-information request for Canada Post’s 2025 bonus records on February 23, 2026.
In its statement, the CTF said, “The Crown corporation refused to release bonus records for months until members of parliament forced the Crown corporation to disclose the records to the parliamentary committee.”
It reportedly noted that Canada Post has lost money for eight consecutive years, totalling about $5.4 billion. “It’s infuriating that Crown corporation executives think they are entitled to bonuses when they’re haemorrhaging money and relying on taxpayer handouts,” Mr Terrazzano said.
Source: National Post
(Link and quotes via original reporting)
In Canada, disclosure provided to the House of Commons Standing Committee on Government Operations and Estimates has revealed that Canada Post gave $30.8 million in bonuses to its management employees in 2025, National Post reports.
In an appearance before the committee on June 18, Doug Ettinger - the Crown corporation’s president and CEO - acknowledged that it lost $1.57 billion in 2025. However, he stated that it was a bad year due to 220 days of “labour disruptions”.
Mr Ettinger stated that the “real deficit” was “closer to a billion.” (The $1.57 billion was admitted to in Canada Post’s 2025 annual report.)
He reportedly failed to mention the $1.03 billion federal government bailout in early 2025 or the $1.01 billion given to Canada Post by Ottawa in February 2026 as a “short-term financial bridge.”
The situation reportedly drew criticism from the Canadian Taxpayers Federation (CTF).
“If Canada Post is taking taxpayer-funded bailouts, then there’s no way its managers and executives should be showering themselves with bonuses,” Franco Terrazzano - the CTF’s federal director - said in a statement.
Mr Ettinger told the government operations committee that he didn’t have the bonus figures available but promised to provide them at a later date.
He added that Canada Post is undergoing a historic transformation, stating that the “at risk” bonus program provides the bonuses that were part of the compensation for 7,000 employees, including management and frontline supervisors.
He defended the “at risk” bonuses by citing that Canada Post has “cut a lot of costs on the management side. We’ve taken out more than 10 per cent from our management and executive.”
According to Mr Ettinger, the guaranteed pension program is gone and has been replaced by a defined contribution plan. He also has a DC pension plan.
He reportedly noted that the corporation also “took over 200 million over the last two years out of the discretionary travel budget.”
The CTF says it filed an access-to-information request for Canada Post’s 2025 bonus records on February 23, 2026.
In its statement, the CTF said, “The Crown corporation refused to release bonus records for months until members of parliament forced the Crown corporation to disclose the records to the parliamentary committee.”
It reportedly noted that Canada Post has lost money for eight consecutive years, totalling about $5.4 billion. “It’s infuriating that Crown corporation executives think they are entitled to bonuses when they’re haemorrhaging money and relying on taxpayer handouts,” Mr Terrazzano said.
Source: National Post
(Link and quotes via original reporting)
