Know your fees

All payday lender licences expire on October 31.

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: $200/year
  • Contribution for each branch location: $200/year
  • For those businesses becoming licensed throughout the year, the CFEF contribution is pro-rated monthly

Prorated CFEF contributions

CFEF contributionNovDecJanFebMarAprMay JunJulAugSep Oct
Principal location$200$183$167$150$133$117$100$83$67$50$33$17
Per branch location$200$183$167$150$133$117$100$83$67$50$33$17

Learn more about the CFEF