EN FR

ICBC Just Latest in Series of Nickel and Dime Increases

Author: Jordan Bateman 2011/12/01

It has been a busy couple of days doing media on TransLink fare evasion and ICBC rate hike stories. Today, I meet with NDP Finance Critic Bruce Ralston to discuss our budget recommendations, and to learn more about where he sees his party heading fiscally.

On ICBC, three things are worth repeating:

1. We’re being nickel and dimed to death, but government and crown corporations seem tone deaf to that fact. ICBC says it’s only $30 a year—what’s the big deal. But on top of a two cent a litre increase in TransLink gas tax, a 1.1 cent increase in carbon tax, a 2.5% BC Ferries fuel surcharge, a pending $7 per month increase in Medical Services Premiums, and a 6% BC Hydro increase, it’s too much. Taxpayers are stretched to the breaking point, but these agencies don’t seem to notice. All of these provincial government hands in our pocket need to talk to one another and make sure their customers can handle these increases. There may be hundreds of provincial government agencies, but there is only one taxpayer.

2. Competition works. ICBC’s optional rate, where they face competition from other companies, is actually dropping. It’s the basic rate, where there is a government-legislated monopoly, that is increasing. Coincidence? I think not.

3. Money shouldn’t have been flowing out of ICBC all these years into general government revenues. It has been an unfair practice to suck dollars out of ICBC and put them into government and here’s why: the people who pay ICBC premiums should be the ones who receive the benefits of those dollars. If there is profit in ICBC, it should result in lower premiums and cheaper rates for ICBC customers—not floating over to government where non-ICBC customers can benefit from those dollars. It’s a simple issue of fairness. Of course, this means heightened accountability from the ICBC Board to ensure they aren’t simply feathering their own nests, but that can be managed by government.


A Note for our Readers:

Is Canada Off Track?

Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.

Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?

You can tell us what you think by filling out the survey

Join now to get the Taxpayer newsletter

Franco Terrazzano
Federal Director at
Canadian Taxpayers
Federation

Join now to get the Taxpayer newsletter

Hey, it’s Franco.

Did you know that you can get the inside scoop right from my notebook each week? I’ll share hilarious and infuriating stories the media usually misses with you every week so you can hold politicians accountable.

You can sign up for the Taxpayer Update Newsletter now

Looks good!
Please enter a valid email address

We take data security and privacy seriously. Your information will be kept safe.

<