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.