Bad news for all Costco Canada shoppers! Costco Canada (and Costco USA) will be increasing its annual fees. Starting June 1st, 2017. Costco Membership fees will change as follows:
Last time the fees were increased was in 2011 and hence this Costco membership fee increase was inevitable.
Costco has over 87 million members who collectively paid more than $2.6 billion US in 2016 for the right to shop at the Costco stores. This is surprisingly more than the company made in profits last year!