Know your fees

All payday lender licences expire on October 31.

2018/2019 fees

Renewal licence application fees to operate from November 1, 2018 – October 31, 2019:

For applications submitted more than two weeks prior to licence expiry

  • Payday lender renewal:  $5,100
  • Branch location renewal:  $2,040

For applications submitted within two weeks prior to licence expiry

  • Payday lender renewal:  $5,158
  • Branch location renewal: $2,098

Fees for November 1, 2018-October 31, 2019:

Licence application fees

  • New licence: $5,202
  • New licence for a branch office: $2,142

Other fees and charges

  • Change in licensee’s name or change in licensed location address: $58
  • Change in senior officers / shareholder of the licensee: $58
  • Submitting an NSF payment or declined credit card payment: $56
  • Application for reconsideration of a decision: $247

Read about our reconsideration process.

Prorated licence fees

If you become licensed mid-way through the year, this is the fee schedule:

Month of applicationNovDecJanFebMarAprMay-Oct
Principal location$5,202$4,769$4,335$3,902$3,468$3,035$2,601
Branch location$2,142$1,964$1,785$1,607$1,428$1,250$1,071

All fees and charges will increase each year by 2% on the anniversary of the effective date.

Read the notification of fee changes for payday lenders (2017-2020).

 

2019/2020 fees

Renewal licence application fees to operate November 1, 2019 – October 31, 2020

For applications submitted more than two weeks prior to licence expiry

  • Payday lender renewal:  $5,202
  • Branch location renewal:  $2,081

For applications submitted within two weeks prior to licence expiry

  • Payday lender renewal:  $5,261
  • Branch location renewal: $2,140    

Fees for November 1, 2019 – October 31, 2020

Licence application fees

  • New licence: $5,306
  • New licence for a branch office: $2,185

Other fees and charges

  • Change in licensee’s name or change in licensed location address: $59
  • Change in senior officers / shareholder of the licensee: $59
  • Submitting an NSF payment or declined credit card payment: $57
  • Application for reconsideration of a decision: $252

Read about our reconsideration process.

Prorated licence fees

If you become licensed mid-way through the year, this is the fee schedule:

Month of applicationNovDecJanFebMarAprMay-Oct
Principal location$5,306$4,864$4,422$3,980$3,537$3,096$2,653
Branch location$2,185$2,003$1,821$1,639$1,457$1,275$1,092

All fees and charges will increase each year by 2% on the anniversary of the effective date.

Read the notification of fee changes for payday lenders (2017-2020).