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.”

Just Posted

Abram to run again for Strathcona Regional District’s Area C

Fibre optics, housing, fire service among his priorities

Cortes Island strengthening nuisance provisions

New bylaw will be easier to enforce legally

Campbell River student preps for Skills Canada finals

Dawson Vanderwiel will compete against other top cabinet-makers

Who is Vancouver Island’s greatest athlete ever?

We want to know, you get to choose in a 64-athlete tournament bracket

Man dead after crashing vehicle into hydro pole and tree in Gibsons

Dog also hurt in collision, which happened Wednesday morning

Study recommends jurors receive more financial and psychological support

Federal justice committee calls for 11 policy changes to mitigate juror stress

Research needed on impact of microplastics on B.C. shellfish industry: study

SFU’s department of biological sciences recommends deeper look into shellfish ingesting microbeads

B.C. dad pens letter urging overhaul of youth health laws after son’s fatal overdose

The Infants Act currently states children under 19 years old may consent to medical treatment on own

Singh sides with B.C. in hornet’s nest of pipeline politics for the NDP

Singh had called for a more thorough environmental review process on the proposal

VIDEO: B.C. woman gets up-close view of Royal wedding

Kelly Samra won a trip back to her home country to see Prince Harry and Meghan Markle say ‘I do’

30 C in B.C., 30 cm of snow expected for eastern Canada

It might be hot in B.C., but the rest of Canada still dealing with cold

Horgan defends fight to both retain and restrict Alberta oil imports

Alberta says pipeline bottlenecks are kneecapping the industry, costing millions of dollars a day

Most Read