I.C.B.C. Tax Collection Fee Regulation

B.C. Reg. 1/86
Treasury Board

Deposited January 9, 1986

This archived regulation consolidation is current to May 8, 2010 and includes changes enacted and in force by that date. For the most current information, click here.

Financial Administration Act

I.C.B.C. Tax Collection Fee Regulation

Definition

1In this regulation, "vehicle" means a motor vehicle, a trailer, an all terrain vehicle and a snowmobile.

Fee to be retained

2Where, on the transfer of the title or an interest of a person in a vehicle, the Insurance Corporation of British Columbia is employed in collecting, managing or accounting for the tax owing in respect of that vehicle under the Social Service Tax Act, a fee of $1.00 is authorized to be retained by the Corporation from the tax collected in respect of that vehicle.

Maximum fee retention

3The total fees retained by the Insurance Corporation of British Columbia under this regulation in respect of any one transfer shall not exceed $1.00.

[Provisions of the Financial Administration Act, R.S.B.C. 1996, c. 138, relevant to the enactment of this regulation: section 14]