Owners of eight million vehicles to save $ 1 billion each year
The Canadian Bazaar
TORONTO: People in Ontario will save about $1 billion each year as the Ford government is eliminating licence plate renewal fees and corresponding stickers for passenger vehicles, light duty trucks, motorcycles and mopeds.
This comes into force from March 13, 2022.
Those who have already renewed their sticker plates since March 2020 will be refunded.
Vehicle owners will receive a cheque in the mail starting at the end of March and throughout the month of April.
To receive a refund cheque, vehicle owners who have moved recently will need to confirm that their address information on their vehicle permit or driver’s licence is up-to-date at Ontario.ca/AddressChange by March 7, 2022, and pay any outstanding fees, fines or tolls.
The owners of eight million vehicles will benefit from it.
“As the cost of living continues to go up, our government is cutting costs for families to make life more affordable,” said Premier Doug Ford.
“Eliminating the fee to renew your licence plate and refunding the cost of doing so for the past two years is a concrete way we can put and keep more money in the pockets of hard-working Ontarians.”
Caroline Mulroney, Minister of Transportation, said, “Our government is taking strong action at a time when the cost of living and doing business in Ontario is skyrocketing.
“For many families, driving is an absolute necessity. Eliminating licence plate renewal fees and stickers is part of our government’s commitment to support drivers as we continue to build Ontario’s transportation network, including by building the Bradford Bypass and Highway 413.”
Under the proposal, renewal fees will also be eliminated for passenger, light duty commercial vehicles, motorcycles and mopeds that are owned by a company or business. However, no refunds will be given for the period of March 2020 to March 2022.
“Small businesses play a vital role in fostering Ontario’s economic growth,” said Nina Tangri, Associate Minister of Small Business and Red Tape Reduction. “Starting next month, eliminating renewal fees for vehicles owned by a company or business is just one of the many ways we are supporting small businesses across the province so they can continue to thrive and contribute to their communities.”
Renewal fees and requirements for licence plate stickers for heavy commercial vehicles and snowmobiles remain unchanged.
