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

Students spend night at White Rock shelter

Students hear powerful stories about homelessness on the Semiahmoo Peninsula

VIDEO: Collision in Surrey breaks axle off SUV

Two people were reportedly sent to hospital

PHOTOS: Snoozing seal pup captures attention at White Rock Pier

Dozens of seals spent the day at White Rock’s iconic structure

A look at White Rock’s next council agenda

Following a public hearing, council will hear annual reports from a number of its committees

‘Meet Your Muslim Neighbour’ event bridges gap on Semiahmoo Peninsula, association says

Event serves as an educational space for residents in South Surrey-White Rock

Teen with cancer whose viral video urged Canadians to vote has died, uncle tweets

Maddison Yetman had been looking forward to voting in her first federal election since junior high school

Security camera records hatchet attack on Langley store owner

Target escaped uninjured, but was ‘upset’ by incident

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Cleanup in the works after tanker truck fire leads to oil spill in B.C.’s Peace region

The province said the majority of the spilled oil likely burned away in the fire.

BC VIEWS: Action needed on healthcare workplace violence

While we’ve been talking about it, the number of B.C. victims has only grown

VIDEO: Vancouver Giants blank Cougars 4-0

Goaltender David Tendeck turned aside all 38 Prince George shots for his WHL-leading third shutout

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

Most Read

l -->