Transit service is funded through three main sources: provincial contributions, local government contributions and passenger fares.
The total cost to run the service in 2021/22 was $376.2 million. Provincial contributions, which include operating contributions (transfers) and amortization of deferred capital contributions, Provincial Health Authorities and the BC Bus Pass Program, accounted for $192.8 million or 51.3 percent of total funding. An additional $28.1 million in Safe Restart funding was provided to BC Transit in 2021/22 and was funded equally by the Government of Canada and the Province of B.C.
Local governments contributed property taxation (transfers) totaling $93.4 million or 24.8 percent of total funding.
Revenue from passenger fares (operations), advertising, investments and fuel tax totaled $75.1 million or 20.1 percent of total funding.
BC Transit by the numbers:
Provides services to over 130 communities across B.C. in collaboration with local government partners, including the Victoria Regional Transit Commission and regional hospital districts.
Transports more than 38 million passengers annually.
Serves more than 1.8 million people in B.C.
Operates 57 transit systems – conventional, community, custom and paratransit.
Owns a fleet of 1,106, 67 high-capacity, 523 heavy-duty, 187 medium-duty and 329 light-duty buses.
Total operating expenditures in 2021/22 of $302.5 million.
Total capital expenditures in 2021/22 of $66.8 million.
