Mr. Speaker, on December 11, 2013, Canada Post announced its five-point action plan to better serve all customers and return the corporation to profitability.
The announcement followed broad engagement with Canadians to identify how their needs and expectations were changing. In 2014, Canada Post began implementing the plan, which will form the foundation of a new postal system designed to serve Canadians' evolving postal needs and help the corporation succeed in the digital age. The conversion to community mailboxes is the most visible part of the five-point action plan. All Canadian households that still receive mail at the door, representing about five million addresses, are starting to be converted to community mailbox delivery, including in Newfoundland and Labrador.
Also as a part of the five-point action plan, Canada Post is expanding access and convenience to postal services through franchises and streamlining internal operations across Canada, including Newfoundland and Labrador. In order to ensure the postal service is sustainable, Canada Post is making changes where necessary and is reviewing hours of operations in some corporate post offices across the country to ensure they represent the real needs of the communities. All changes honour the Canadian Postal Service Charter and the moratorium on closing rural post offices.
The implementation of the five-point action plan is forecasted to take five years to complete. Once fully implemented, four of the five initiatives contained in the five-point action plan are expected to contribute an estimated $700 to $900 million per year to the corporation.