OTTAWA — The CRTC says the total amount of Part II licence fees to be assessed by the Commission in 2019 is estimated to be $116.6 million.
The Commission made the announcement Wednesday in Broadcasting Order CRTC 2019-359. Sections 11(1) and 11(2) of the Broadcasting Licence Fee Regulations set out the components for the calculation of the Part II licence fees, paid by major licensed broadcasting undertakings.
The CRTC said it calculated the total annual amount of Part II licence fees to be assessed in 2019 by taking last year’s total of $113,973,360 in Part II licence fees and applying a Consumer Price Index (CPI) adjustment. For 2018, the annual average CPI was 2.3%. Therefore, the adjusted value of Part II licence fees to be assessed in 2019 is $116,594,747, the Commission said.
