4 rate hikes to look out for in 2014

Many of us shopped till we dropped in December and bloated credit card bills are coming. But just in case you forgot, 2014 also drags with it higher fees.

Electricity, medical, postal and transport rates are all being increased

Increasing bills from BC Hydro, Canada Post, MSP and BC Ferries 2:22

The presents are unwrapped, the turkey has been gobbled and for most of us, Christmas is over. Now comes the New Year, with credit card bills and pledges to get into shape. But you should also be gearing up for higher fees:

  1. Medical Services Plan premiums will jump by about four per cent on Jan. 1, 2014, increasing by $3 for one person, and more than $5 for a family of three.
  2. Canada Post will increase stamp prices from 63 cents to a cool $1 on March 31, 2014.
  3. BC Hydro rates will be increasing nine per cent on April 1, 2014 and 28 per cent over five years.
  4. BC Ferries plans to halve the 100 per cent discount for seniors travelling Monday to Thursday, from April 1, 2014 onwards.

Watch the video above to see Dan Burritt's breakdown of the changes — and the reaction they've provoked.