I think it is wiser to keep the legal right to drive even if you do not end up using it.

In an emergency, a taxi or car share ride could take a while to get to you and also might refuse your ride (if going to the hospital for an emergency, for example). Or you might find yourself in a position where someone who drove becomes unable to do so to get you or themselves home (sick, drunk, whatever) and you could help out. You also might decide to rent a car for some specific purpose at some point, such as for traveling somewhere with poor public transit or if you need a truck for hauling stuff.

I like to err on the side of preparedness.

Tell your parents that if it's that important to them, then they can pay for the renewal.

Do you have to retake the exams and tests? Think about the logistics involved in that as you won’t have a car to take them in.

You’ll need an alternate ID card. The ubiquity of a drivers license as proof of residence and photo ID is highly convenient.

Save a penny, spend a dollar is what this sounds like. Give it 5 years and see how often you use it. There’s a lot of Canada you can’t get to on public transit.

I don't know how it works in Canada, but I'd renew it just as identification. Doesn't matter if you have it or not for driving, but at least in the states a drivers license is ubiquitous as photo id.

I'd keep it, it's a handy form of photo ID, and might be useful when travelling.

I don't drive as often now that I work remotely and have an ebike, but it's still good to have for the rare times I do drive.

You don't need a license. Many people don't have one and don't want one.
It's really just that simple.

They aren't wrong, ik this is fuckcars, but you could still have a car you drive once a week for groceries and ocasionally long distance, its nice not to take an extra whatever hours on a bus/train to certain destinstions, you can still bike 95% of the time lol

Driving is expensive and sucks. Going without it in Canada depends on how easy it is to access stuff for the most part. If you can walk/bike/transit more or less comfortably, go for it.

A provincial/territorial ID card is an option if you need ID.

Don't be my brother and not bother to keep his license and up taking the test multiple times as a 40 something adult.

He is also the worst driver....

Logistically, it's quite easily doable if you're in an urban area, but be prepared for a little less convenience and a LOT of unearned judgment from others (unless you're the social butterfly type who has people lining up to drive you everywhere).

Probably best to get a route map for your local transit systems and go over routes you would hypothetically use. Might help you decide.

excuse my curiosity but why do you have to pay to "keep your license"?

If you're car free because you don't want to own a car.
There are options to have access to cars through car sharing.
Generally, having a drivers license lets you have greater travel range and options. I drive maybe once every 2-3 months, that's usually because I want a more reliable travel time than waiting for 3-4 transfers between buses and train routes.
Knowing you have a choice to drive also allow you to not focus on other things rather than what you can't do

Look into getting a non-driver ID card instead, it may be a less expensive option that still keeps a government ID in your hand. If you are over 21 and you want to buy alcohol, this is the way, unless you already have a valid passport.