Residents and businesses might see an increase in postage rates after January of next year.

Canada Post is proposing to increase postage rates in 2020 by two cents for a domestic Lettermail item of 30 grams or less.

For stamps purchased in a booklet, coil or pane, the rate would become $0.92 per stamp, up from the current rate of $0.90.

Buying a single domestic stamp for the same item would cost $1.07, up from the current rate of $1.05. These rate changes would take effect on January 13, 2020.

While usage varies, the estimated impact of the rate increases on the average Canadian household would be well under a dollar a year, and the total increase for small businesses that use stamps would be estimated at about $6 a year.

Canada Post is also proposing to increase rates for other domestic Lettermail, the U.S. and international Letter-post items and domestic Registered MailTM.

Canadians can avoid the increase by purchasing Permanent stamps at the current rate in advance if the changes are approved for next January.