Netflix is raising its prices in Canada. The streaming giant says the monthly cost of its cheapest offering — the standard plan with ads — is going up by $2 to $7.99 per month. The standard plan without ads will increase by $2.50 per month to $18.99 while the premium plan jumps $3 per month to $23.99.

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The streaming service Netflix says it is raising prices again with plans to-reinvest back into programming, according to the company.

The new prices for Netflix take effect immediately for new subscribers, while existing members will see the change on their next bill.

For customers with the standard plan that includes ads, the cost is going up by $2 to $7.99 per month. Customers using a standard plan without ads will pay another $2.50 per month, or $18.99. Those with the premium plan will see an extra $3 added to their monthly bills, totalling $23.99 per month.

Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.

The last Netflix price increase in Canada was in January 2022. Last year, it axed its cheapest ad-free plan, the $9.99/month Basic tier.

Netflix is increasing prices for most of its plans in Canada, according to its latest Q4 shareholder letter from today. The streaming service saw revenue up 16% year-over-year to $10.2 billion US, while it now has 301.

the company said the price hikes – which affect most plans in the U.S., Canada, Portugal and Argentina – allow the company to reinvest "to further improve Netflix." "We listen for signals like ...

Read more: Tired of Price Hikes? How to Cancel Your Netflix Subscription

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