Postmedia Parcel Service Expands National Delivery Network to Better Serve Canadians in Newfoundland and Saskatchewan
TORONTO--(BUSINESS WIRE)--Postmedia Network Inc. ('Postmedia') today announced the expansion of Postmedia Parcel Service, which will further connect Canadians across Newfoundland and Saskatchewan. This strategic growth builds on Postmedia's existing parcel services in Nova Scotia, Prince Edward Island, New Brunswick and British Columbia, strengthening the company's commitment to delivering reliable service to communities that are often underserved by traditional carriers.
Postmedia Parcel Service's growing network provides local communities with timelier and more dependable delivery options, supporting greater economic activity and connectivity in remote and rural areas. This expansion reinforces Postmedia's role as a trusted national service provider, reaching Canadians from coast to coast.
'Extending our reach into Newfoundland and Saskatchewan is about more than logistics,' said Andrew MacLeod, President and CEO of Postmedia. 'It's about ensuring Canadians in every region have access to reliable delivery options, no matter where they live.'
The new service is already underway, with additional regional expansions in development.
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information visit: www.postmedia.com, www.postmediasolutions.com, and www.postmediaparcelservices.com.
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Residential real estate makes up a significant share of household wealth, accounting for 41 per cent of Canadians' total assets at the end of 2024, according to Statistics Canada. Many homeowners hope their property will help fund their retirement and some are relying heavily on a downsize. Planning first and selling second can reduce the potential risks that may arise with a retirement downsize plan, but it's not always the windfall retirees expect. Real estate prices have been under pressure. The composite home price in Canada is down 3.6 per cent from April 2024 to April 2025, according to the Canadian Real Estate Association. Despite this, some markets in Quebec and the Maritimes have had double-digit gains during that time, highlighting the adage that location matters. Declines in Ontario have brought down the national average, with several markets down in the high single digits year over year. 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That multi-level backsplit home might have been great to raise a family, but it can be dangerous as mobility begins to wane. The principal residence exemption in Canada generally shields a Canadian taxpayer from paying capital gains tax when they sell their home except for rare exceptions. U.S. citizens in Canada should be mindful of a potential tax trap when they sell their home. Americans are taxable on their worldwide income even when residing in Canada. Because Canadian tax rates are generally higher, and there is a foreign tax credit mechanism that avoids double taxation, there is typically little to no tax payable to the U.S. Internal Revenue Service. However, there are limits in the U.S. for the tax-free sale of a principal residence. There is a $250,000 home sale tax exclusion — $500,000 for a couple — that can be claimed. This is the U.S. dollar exclusion, and there needs to be a foreign exchange conversion for Canadian real estate. Considering Canadian home price values and appreciation in some parts of the country, there are U.S. citizens living in Canada who could be on the hook for unexpected U.S. tax on the sale of their home, especially if they have owned their home for a long time. The importance of contingency planning as you — and your advisers — age Four considerations for your investments in the new year Planning ahead can help provide confidence and avoid surprises. There can be risks for those planning to downsize in retirement, so being proactive can help. Jason Heath is a fee-only, advice-only certified financial planner (CFP) at Objective Financial Partners Inc. in Toronto. He does not sell any financial products whatsoever. He can be reached at jheath@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
