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ICBC charges $75 for a new or renewed driver’s licence, but it costs the corporation just $10 to issue them, British Columbia Auditor General John Doyle reports.
The fee is set by the provincial government, which takes all the revenue, leaving ICBC to fund handling costs from insurance revenues.
The licence fees added up to $36.5 million for the province in the fiscal year ending March 2011.
His report revealed the government sets agency fees without providing a rationale to those that collect them.
Some fees haven’t been revised since the 1990s, and nearly half of the 2,332 fees audited had no revision date recorded.
Doyle recommended that government fees be explained to agencies, revised regularly and the information be made available to the public.
