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

Princeton loses senior town manager

Infrastructure director Michael Mazurek departs suddenly

Dispute over tractor leads to explosive threats

He wanted to “blow up his house by putting a pipe bomb near the propane tank.”

Suspected overdose, poisoning calls jump in Okanagan

BCEHS statistics show calls rose last year in Kelowna, Penticton and Vernon

Princeton rock hound makes history with fossil find

Paleontologist Dr. Bruce Archibald says Princeton is becoming famous for giving up rare fossils

Okanagan Falls winery showing international photo project

Liquidity Wines will be sole Canadian show of National Geographic’s Photo Ark

Princeton skaters create ‘magic’ on ice

Between donations at the door, a raffle, and a 50-50 draw about $4,000 was collected.

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Kamloops landlord dealing with aftermath of firebombing

Kamloops landlord claims tenant to be a nightmare

‘Not well thought out:’ Arizona family slams B.C. speculation tax

American family spends half the year in vacation home on Vancouver Island

Family of B.C. wildfire victim wants better emergency preparedness for vulnerable people

Williams Lake’s David Jeff “fell through the cracks”

Senate backs bill to legalize recreational marijuana

Justin Trudeau reminded senators that his government was elected on a promise to legalize pot

Vernon police search van possibly connected to bear spray incident

Police searched a yellow cube van, Thursday afternoon, at Vernon Auto Towing

Where Canadians buy real estate abroad: report

Hot Spots: Top 30 home-buying destinations for Canadians in the Americas

Most Read