Sunday, June 2, 2024
ADVT 
National

Canadians pay more than $500M in fees a year for paper bills, statements: report

Darpan News Desk Canadian Press, 27 Aug, 2014 10:41 AM
    Canadians are probably paying more than half a billion dollars a year to receive printed bills and bank statements by mail, according to the Public Interest Advocacy Centre.
     
    The consumer research organization polled more than 2,000 Canadians and found about three quarters of the respondents objected to being charged fees for paper copies of their bills.
     
    One in three said they were uncomfortable with making the switch to e-billing or online banking.
     
    While there are no official numbers disclosed by the banking and telecommunications industries stating how much money is being paid annually for paper bills, the non-profit group estimates in a report that the total is between $495 million and $734 million, plus taxes.
     
    And it estimates as much as $102 million in fees are being paid by low-income Canadians and seniors who don't have Internet access at home or don't use computers.
     
    The report calls on the federal government to follow through with its pledge to ban the practice of charging for paper bills.
     
    The telephone survey of 2,005 Canadians was conducted in August and September of last year and is considered accurate within 2.1 percentage points, 19 times out of 20.

    MORE National ARTICLES

    ICBC Seeks 5.2% Raise in Basic Insurance Rates

    ICBC Seeks 5.2% Raise in Basic Insurance Rates
    The Insurance Corporation of British Columbia is aiming to hike basic insurance rates by 5.2 per cent.

    ICBC Seeks 5.2% Raise in Basic Insurance Rates

    Confrontations between humans and cougars means more big cats destroyed in 2013

    Confrontations between humans and cougars means more big cats destroyed in 2013
    The number of cougars destroyed by conservation officers in B.C. in the 2013-2014 fiscal year jumped dramatically compared with a year earlier.

    Confrontations between humans and cougars means more big cats destroyed in 2013

    Fortress Paper sells maker of security threads in bank notes for $17.5 million

    Fortress Paper sells maker of security threads in bank notes for $17.5 million
    Pulp and bank note producer Fortress Paper Ltd. is selling its operations that make security film used in bank notes to Nanotech Security Corp. for up to $17.5 million in cash and shares.

    Fortress Paper sells maker of security threads in bank notes for $17.5 million

    Striking B.C. teachers step up pressure tactics as school year looms

    Striking B.C. teachers step up pressure tactics as school year looms
    Secondary schools in Vancouver are expected to be behind picket lines this week as part of a province-wide attempt to pressure the British Columbia government.

    Striking B.C. teachers step up pressure tactics as school year looms

    Kids removed from Manitoba home: parents charged with confinement, sex abuse

    Kids removed from Manitoba home: parents charged with confinement, sex abuse
    Police in western Manitoba have charged a couple with confining, starving and sexually abusing their children.

    Kids removed from Manitoba home: parents charged with confinement, sex abuse

    Quebec calls inquiry into fire that killed 32 people at seniors' residence

    Quebec calls inquiry into fire that killed 32 people at seniors' residence
    The Quebec government has called a public inquiry into the fire that killed 32 people at a seniors' residence last January.

    Quebec calls inquiry into fire that killed 32 people at seniors' residence