Close X
Tuesday, November 26, 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

    RCMP believe two sought in alleged $7M investment fraud have fled country

    RCMP believe two sought in alleged $7M investment fraud have fled country
    The RCMP says two Toronto residents charged in an alleged $7-million investment scam are believed to have fled the country.

    RCMP believe two sought in alleged $7M investment fraud have fled country

    Supporters light up as 'Prince of Pot' returns to Canada after U.S. sentence

    Supporters light up as 'Prince of Pot' returns to Canada after U.S. sentence
    Canada's self-styled "Prince of Pot" returned to a raucous welcome from supporters Tuesday after serving his U.S. sentence for selling marijuana seeds, vowing to continue his activism even if it means more arrests.

    Supporters light up as 'Prince of Pot' returns to Canada after U.S. sentence

    B.C. fire costs triple the budget as danger remains high to extreme

    B.C. fire costs triple the budget as danger remains high to extreme
    A tenacious spell of hot, dry weather in British Columbia has painted a forest-protection map of the province a combination of bright red and dun brown, showing high or extreme fire danger ratings over much of B.C.

    B.C. fire costs triple the budget as danger remains high to extreme

    B.C. regulator says infomercial host defrauded 484 clients out of $65 million

    B.C. regulator says infomercial host defrauded 484 clients out of $65 million
    The British Columbia Securities Commission has ruled that 484 people were defrauded of $65 million over a 3 1/2-year period by a former mutual fund salesman who promoted investments through a weekly radio infomercial. 

    B.C. regulator says infomercial host defrauded 484 clients out of $65 million

    Surrey: One man dead and another in custody following afternoon dispute at home

    Surrey: One man dead and another in custody following afternoon dispute at home
    Police say they were called to a home in the city around 1 p.m. on Tuesday afternoon. Inside, they found a male who was pronounced dead at the scene.

    Surrey: One man dead and another in custody following afternoon dispute at home

    Canadians Spend More On Taxes Than Food, Food, Shelter And Clothing Combined

    Canadians Spend More On Taxes Than Food, Food, Shelter And Clothing Combined
    VANCOUVER - The average Canadian family is spending more on taxes than on food, shelter and clothing combined, according to a new study by the Fraser Institute, but at least one economist cautions that the findings need to be seen in context.

    Canadians Spend More On Taxes Than Food, Food, Shelter And Clothing Combined