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The Rates and Requirements to Drive for InstaRyde in Toronto

10 Jan by Commercial Driver HQ

The Rates and Requirements to Drive for InstaRyde in Toronto

Operating in Toronto for a second time, InstaRyde is a great opportunity for drivers ready to explore the rideshare world. Below you will find all of the rates and requirements you will need to get yourself started.

Check out our InstaRyde Guide for a full walkthrough featuring everything you need to know to get started with InstaRyde in the GTA.

Service Types and Rates

Ryde


Base Fare:
$2.00
Per Minute:
$0.18
Per KM:
$0.81
Cancellation Fee:
$5.00
Minimum Fare:
$3.25

RydeXL


Base Fare:
$4.75
Per Minute:
$0.35
Per KM:
$1.55
Cancellation Fee:
$5.00
Minimum Fare:
$8.00

Platinum


Base Fare:
$4.75
Per Minute:
$0.35
Per Km:
$1.75
Cancellation Fee:
$5.00
Minimum Fare:
$8.00

PlatinumXL


Base Fare:
$12.00
Per Minute:
$0.48
Per Km:
$2.40
Cancellation Fee:
$5.00
Minimum Fare:
$20.00

Tips, Fees, and Payment Methods

Tipping Option?

Yes PAX have the option to tip in app or in cash

Surge Pricing?

None

Standby Rate?

None

Long Pick Up Fee?

None

Tolls?

Toll fees will be remitted to the driver entirely

Cleaning Fee?

Not Available

Frequency of Pay?

Daily, Weekly, Monthly (Payments are processed using WePay)

Method of Pay?

Direct Deposit, WePay

Commission and Service Fees

$
Commission

$0.30 & 2.9%

Payment Processing Fee

Ryde: $1.25
RideXL: $3.25
Platinum: $3.25
PlatinumXL: $8.00

Vehicle Requirements

  • Vehicle model year must be 7 years old or newer
  • 4-door vehicle with independently opening doors
  • Ontario license plate
  • Snow or all-weather tires from Dec. 1 to April 30
  • Good condition with no cosmetic damage
  • No salvaged or rebuilt vehicles
  • Pass a vehicle inspection
  • Vehicle model year must be 7 years old or newer
  • 4-door vehicle with independently opening doors
  • 8 seats, including the driver’s
  • Ontario license plate
  • Snow or all-weather tires from Dec. 1 to April 30
  • Good condition with no cosmetic damage
  • No salvaged or rebuilt vehicles
  • Pass a vehicle inspection
  • Vehicle model year must be 7 years old or newer
  • High end vehicle like BMW or Audi
  • 4-door vehicle with independently opening doors
  • Generally feature leather interior
  • Ontario license plate
  • Snow or all-weather tires from Dec. 1 to April 30
  • Good condition with no cosmetic damage
  • No salvaged or rebuilt vehicles
  • Pass a vehicle inspection
  • Vehicle model year must be 7 years old or newer
  • High end vehicle like BMW or Audi
  • 4-door vehicle with independently opening doors
  • 5-8 seats, including the driver’s
  • Generally feature leather interior
  • Ontario license plate
  • Snow or all-weather tires from Dec. 1 to April 30
  • Good condition with no cosmetic damage
  • No salvaged or rebuilt vehicles
  • Pass a vehicle inspection

Driver Requirements

  • 25+ years old
  • Three years of Canadian driving history
  • Minimum of 1 year with a full Ontario G license
  • Proof of work eligibility: Birth certificate, Citizenship card, Passport, Residency card, SIN card, or Work permit
  • Your name must be on the vehicle registration as a primary or secondary driver.
  • Vehicle insurance: Insurance must be in your name and name must be legible.
  • Clean driving record
  • Criminal background check
  • Iphone or Android device – you must have a navigation app on your phone like Waze or Google Maps as there is no in app navigation with InstaRyde
  • You must have also completed at least 25 rides with another ridesharing company – A representative from InstaRyde has stated the reason for this requirement is that they want to recruit experienced drivers right out of the gate to offer a superior experience for passengers. They may waive this requirement in the future.

HST and Taxes

The taxes you will have to pay include CPP (Canadian Pension Plan contributions), EI (Employment Insurance), Federal and Provincial Income tax. You should consult with an accountant who can tell you how much to save from your earnings, especially if you have another job.

HST will also be charged to the customer and passed on to you. That means that you will need keep it to pay the government. You will need to get an HST number from the CRA in order to remit the 13%.

Insurance Requirements

InstaRyde drivers are covered under a policy with Northbridge Insurance. The policy covers you while you are logged into the app and while you have picked up a passenger.

See InstaRyde insurance documentation here.

Commercial driver insurance is not required, however, you should check with your personal insurance provider to make sure you are covered while operating as a rideshare driver.

You are also required to maintain your own personal insurance policy.

Sign Up Process

Head over to the InstaRyde website to sign up or sign up in-app

Help us out and sign up with our referral code 09oxhr!

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Contact Information

InstaRyde support number: 416-907-8488
InstaRyde support email: drivers@instaryde.com
InstaRyde support twitter: @InstaRyde
InstaRyde Help Center: Help Center

InstaRyde Toronto Hub

425 Alness St
North York, ON
M3J 2T8

Mon-Fri: 09:30am – 7:00pm
Saturday: 1:00pm – 7:00pm (by appointment)

Check here for InstaRyde office operating hours.