What you need to know about licence plate stickers potentially being eliminated in Ontario

In a populist pre-election move, Ontario Premier Doug Ford is looking to eliminate the vehicle registration fee, CTV News Toronto has learned.

Sources say the plan originated from the Ministry of Transportation and was presented to cabinet ministers at a recent meeting with a public unveiling of the cost-savings measure scheduled in the days ahead. The measure would save drivers about $120 a year.

Sources clarified on Tuesday that while the government would eliminate the fee associated with licence plate renewals for passenger vehicles, light commercial vehicles and motorcycles, motorists would still be required to replace stickers on a yearly basis.

Licence plate renewals are often used as an enforcement mechanism for unpaid parking tickets and 407 fees. Sources said the government wanted to ensure municipalities still had the ability to recoup costs, businesses could verify a driver's outstanding fines, and police services could continue to enforce traffic rules.

While eliminating the fee would benefit more than eight million drivers every year, it would also represent a multi-million dollar hit to Ontario's finances.