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.

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

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Netflix, the popular subscription video on-demand and over-the-top streaming service that has made its mission to "entertain the world, one fan at a time" with exclusive films and TV series—including,

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.

Almost a dozen events were held around the world as the streamer laid out its content strategy Netflix has unveiled a raft of programming updates for its service around the world, with a ramping up of efforts in Latin America and a host of shows unveiled across Europe.

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.

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