The system to set cab fares in B.C. is changing, and will soon be tied to inflation in a bid to increase transparency
The prices won’t go up this year, but will likely climb in 2016.
Jan Brook with the Passenger Transportation Board, which reviews rates every year, explains why no increase has been approved this year.
“The difference is 1.8 per cent. The board doesn’t implement rate increases that are below two per cent, so there will be no taxi rate increase in 2015.”
Under the new system, rates are based on the Consumer Price Index for BC and companies applying for increases must now provide evidence justifying any request.