Know your fees
All payday lender licences expire on October 31.
Read the notification of the 2025-2027 fee change.
2025 fee schedule (effective January 1, 2025)
New licence applications
New licence fees
- New principle licence: $6,000
- New licence for a branch office: $1,000
Prorated licence fees
If you become licensed mid-way through the year, this is the fee schedule:
| Month of application | Nov | Dec | Jan | Feb | Mar | Apr | May-Oct |
| Principal location | $6,000 | $5,000 | $4,500 | $4,000 | $3,500 | $3,000 | $2,500 |
| Branch location | $1,000 | $917 | $833 | $750 | $667 | $583 | $500 |
Licence renewals
For applications submitted more than two weeks prior to licence expiry:
- Principle renewal:
- Total loans less than $999,999: $1,350
- Total loans between $1 million – $4,999,999: $3,375
- Total loans between $5 million – $9,999,999: $10,125
- Total loans between $10 million -$49,999,999: $33,750
- Total loans more than $50 million: $67,500
- Branch renewal: $1,000
For applications submitted less than two weeks prior to licence expiry:
- Principle renewal:
- Total loans less than $999,999: $1,425
- Total loans between $1 million – $4,999,999: $3,450
- Total loans between $5 million – $9,999,999: $10,200
- Total loans between $10 million -$49,999,999: $33,825
- Total loans more than $50 million: $67,575
- Branch renewal: $1,075
Other fees and charges
- Change in licensee’s name or change in licensed location address: $75
- Change in senior officers / directors of the licensee: $75
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $50
- Application for reconsideration of a decision: $311
Read about our reconsideration process.
2026 fee schedule (effective January 1, 2026)
New licence applications
New licence fees
- New principle licence: $6,600
- New licence for a branch office: $1,100
Prorated licence fees
If you become licensed mid-way through the year, this is the fee schedule:
| Month of application | Nov | Dec | Jan | Feb | Mar | Apr | May-Oct |
| Principal location | $6,600 | $5,500 | $4,950 | $4,400 | $3,850 | $3,300 | $2,750 |
| Branch location | $1,100 | $1,009 | $916 | $825 | $734 | $641 | $550 |
Licence renewals
For applications submitted more than two weeks prior to licence expiry:
- Principle renewal:
- Total loans less than $999,999: $1,485
- Total loans between $1 million – $4,999,999: $3,713
- Total loans between $5 million – $9,999,999: $11,138
- Total loans between $10 million -$49,999,999: $37,125
- Total loans more than $50 million: $74,250
- Branch renewal: $1,100
For applications submitted less than two weeks prior to licence expiry:
- Principle renewal:
- Total loans less than $999,999: $1,568
- Total loans between $1 million – $4,999,999: $3,795
- Total loans between $5 million – $9,999,999: $11,220
- Total loans between $10 million -$49,999,999: $37,208
- Total loans more than $50 million: $74,333
- Branch renewal: $1,183
Other fees and charges
- Change in licensee’s name or change in licensed location address: $75
- Change in senior officers / directors of the licensee: $75
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $50
- Application for reconsideration of a decision: $330
Read about our reconsideration process.
Contributions to the Consumer Financial Education Fund
The contribution amounts and administration details of the Consumer Financial Education Fund (CFEF) are defined in the High-Cost Credit Product Regulation. The CFEF contributions are due at the same time as a new licence application or a licence renewal.
- Head office contribution: $246/year
- Contribution for each branch location: $246/year
- For those businesses becoming licensed throughout the year, the CFEF contribution is pro-rated monthly
Prorated CFEF contributions
| CFEF contribution | Nov | Dec | Jan | Feb | Mar | Apr | May -Oct |
| Principal location | $246 | $226 | $209 | $188 | $167 | $146 | $123 |
| Per branch location | $246 | $226 | $209 | $188 | $167 | $146 | $123 |
Learn more about the CFEF
