Big profit on B.C. driver’s licences

ICBC charges $75 for a new or renewed driver's licence, but it only costs the corporation $10 to issue a licence.

B.C. Auditor General John Doyle

ICBC charges $75 for a new or renewed driver’s licence, but it only costs the corporation $10 to issue the licences, B.C. Auditor General John Doyle says in a new report.

The fee is set by the provincial government, which takes all the revenue and leaves ICBC to fund licence handling costs from its insurance revenues. The licence fees added up to $36.5 million in revenue to the province in the fiscal year that ended last March.

Doyle found fees are set by the government without providing a rationale to the agencies that collect them. Some fees haven’t been revised since the 1990s, and nearly half of the 2,332 fees studied in the audit had no date recorded for when they were last revised.

Doyle recommended that government fees be explained to agencies, revised regularly and the information made “readily available to the public.”

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Oak Bay couple honoured for 35 years volunteering

Mayor awards distinguished Oak Leaf to Bert and Doris Dinsmore

Hospital foundation president praises generosity of Peninsula residents

Karen Morgan said support during COVID-19, financial and otherwise, has been touching

Meet the Liberal candidate for Oak Bay-Gordon Head

Roxanne Helme about ‘governance, not politics’

New Democrats on Saanich Peninsula still looking to announce candidate

While BC Liberals have nominated Stephen Roberts, New Democrats have not yet announced candidate

UPDATED: West Shore RCMP locate dangerous, ‘high-risk sex offender’ thanks to help of taxi cab driver

Scott Jones wanted on a Canada-wide warrant, ‘a risk to women and girls,’ police say

QUIZ: Do you know what’s on TV?

Fall is normally the time when new television shows are released

Canadian ski resorts wrestle with pandemic-vs.-profit dilemma as COVID-19 persists

Few are actually restricting the total number of skiers they allow on the hill

A (virtual) walk around the world by 88-year-old B.C. man

George Doi says it’s simple: ‘I like walking’

End of CERB means uncertainty for some, new system for others

As of a week ago, the CERB had paid out $79.3 billion to 8.8 million people

Horgan, Wilkinson trade barbs over MSP premiums, health care at campaign stops

Horgan called a snap election for Oct. 24 earlier this week

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Vancouver Island Tour de Rock riders roll into Parksville Qualicum Beach

Saturday’s schedule includes Port Alberni, Ucluelet and Tofino, followed by Nanaimo on Sunday

Most Read