All payday lender licences expire on October 31.

Licence application fees

  • New licence: $5,100
  • New licence for a branch office: $2,100

Renewal licence application fees

For applications submitted more than two weeks prior to licence expiry

  • Payday lender renewal:  $5,000
  • Branch location renewal:  $2,000

For applications submitted within two weeks prior to licence expiry

  • Payday lender renewal:  $5,057
  • Branch location renewal: $2,057

Other fees and charges

  • Change in licensee’s name or licensed location address: $57
  • Change in senior officers / shareholder of the licensee: $57
  • Submitting an NSF payment or declined credit card payment: $55
  • Application for reconsideration of a decision: $242

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$5,100$4,675$4,250$3,825$3,400$2,975$2,550
Branch location$2,100$1,925$1,750$1,575$1,400$1,225$1,050

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).