Are you sure about this?
Im relatively new to Calgary but in most other cities in Canada its the drivers who own the cab licences. The cab companies may own a few licenses but the majority are owned by individuals. The cab companies make most of their money from dispatch fees.
The cab licenses like anything else can be sold in the open market and can fetch pretty high values. I know when I left Toronto there was a change in the way the licenses were given out and a lot of cab drivers were upset because they were losing a lot of money in the value of what they paid for the licenses because they werent going to be able to resell them and had to surrender them to the city if they no longer wanted them. (Not sure on the details though.)
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Originally Posted by Flames09
No the cab company ownes the licence usually, they will lease you a vehicle or you can provide your own, and the cab is given out to two individuals who share it (split into dayshift and nightshift). Most cab drivers would do just about anything to have their own licence because that means you can lease out the licence too two drivers charge rent and profit sitting at home or doing another job, or you can drive for 8-12 hours and have the other driver pay your part of the rent and their own too so you would get too keep everything you make (after the cost of fuel). Even if you own you pay the company rent but it's much lower if you own the licence. I know many people who have been trying to get cab licences for quite some time to no avail, they've been offered them for $80,000-$200,000 when they had got them for free or almost no cost. Also cab drivers dont do 8 hour shifts usually it's 12 hour shifts (how many hours you work is up too you).
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