Here in Ontario, most speeding tickets will result in demerit points added to a persons drivers license.  These points are used to track re-occurring traffic offenses and poor drivers. As demerit points add up, an individual will typically experience an increase in insurance rates along with possible licenses suspension and loss of their vehicle.
The point system for speeding in Ontario is as follows:
0 to 15 km/hr. over = 0 points with minor infraction and fined $2.50 times km over limit
16 to 29 km/hr. over = 3 points with minor infraction and fined $3.75 times km over limit
30 to 49 km/hr. over = 4 points with minor infraction and fined $6.00 times km over limit
50+ km/hr. over = 6 points with 30 day license suspension and fined $9.75 time km over limit times $1.25
50+ km/hr. over while street racing = 6 points with immediate 7 day license suspension and car impoundment with up to two years additional license suspension if convicted and fined between $2,000 to $10,000
The Ministry of Transportation in Ontario established our demerit point system to track driving records.  Individuals begin with 0 demerit points and accumulate them as speeding offenses accumulate. These demerit points will remain on a drivers license for two years following the offense date. Ontario drivers can also have demerit points added to their license for violating traffic laws in the state of Michigan and New York, along with other provinces and territories in Canada.