Know your fees
All payday lender licences expire on October 31.
2023 fee schedule (effective January 1, 2023)
- New licence: $5,853
- New licence for a branch office: $2,411
For applications submitted more than two weeks prior to licence expiry:
- Payday lender renewal: $5,739
- Branch location renewal: $2,296
For applications submitted within two weeks prior to licence expiry:
- Payday lender renewal: $5,804
- Branch location renewal: $2,361
Other fees and charges
- Change in licensee’s name or change in licensed location address: $63
- Change in senior officers / shareholder of the licensee: $63
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $61
- Application for reconsideration of a decision: $272
Read about our reconsideration process.
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 | $5,853 | $5,365 | $4,878 | $4,391 | $3,902 | $3,415 | $2,927 |
| Branch location | $2,411 | $2,210 | $2,008 | $1,809 | $1,607 | $1,407 | $1,205 |
Current fee schedule (effective January 1, 2024)
- New licence: $6,087
- New licence for a branch office: $2,507
For applications submitted more than two weeks prior to licence expiry:
- Payday lender renewal: $5,969
- Branch location renewal: $2,388
For applications submitted within two weeks prior to licence expiry:
- Payday lender renewal: $6,036
- Branch location renewal: $2,455
Other fees and charges
- Change in licensee’s name or change in licensed location address: $66
- Change in senior officers / shareholder of the licensee: $66
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $63
- Application for reconsideration of a decision: $283
Read about our reconsideration process.
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 | $6,087 | $5,580 | $5,073 | $4,567 | $4,058 | $3,552 | $3,044 |
| Branch location | $2,507 | $2,298 | $2,088 | $1,881 | $1,671 | $1,463 | $1,253 |
Read the notification of the 2025-2027 fee change.
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 contribution | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | 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
