OTTAWA – The CRTC estimates that its regulatory costs under section 9(1) of the broadcasting regulations will total $29.723 million for the 2017-2018 fiscal year.
The annual adjustment amount referred to in section 8(2) for the 2015-2016 fiscal year is a loss of $2.121 million. A second adjustment pertaining to the 2016-2017 fiscal year in the amount of $0.014 million is being made following the revision of the Part I billing for two broadcasting undertakings. Part I broadcasting licence fees were recalculated and the adjustment is being invoiced to the other broadcasting undertakings.
Taking this adjustment into account, the net billing for the Part I licence fee for the 2017-2018 fiscal year is $27.616 million, the Commission said Wednesday.
The broadcasting licence fee regulation provides for the payment of Part I licence fees by specific distributors, as set out in section 9(1) of the Broadcasting License Fee Regulations.
