Know your fees
All payday lender licences expire on October 31.
Read the notification of the 2022-2024 fee change.
2021 fee schedule (effective January 1, 2021)
- New licence: $5,412
- New licence for a branch office: $2,229
For applications submitted more than two weeks prior to licence expiry:
- Payday lender renewal: $5,306
- Branch location renewal: $2,123
For applications submitted within two weeks prior to licence expiry:
- Payday lender renewal: $5,366
- Branch location renewal: $2,183
Other fees and charges
- Change in licensee’s name or change in licensed location address: $60
- Change in senior officers / shareholder of the licensee: $60
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $58
- Application for reconsideration of a decision: $257
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 | $5,412 | $4,961 | $4,510 | $4,060 | $3,608 | $3,158 | $2,706 |
| Branch location | $2,229 | $2,043 | $1,857 | $1,672 | $1,486 | $1,301 | $1,114 |
2022 fee schedule (effective January 1, 2022)
- New licence: $5,628
- New licence for a branch office: $2,318
For applications submitted more than two weeks prior to licence expiry:
- Payday lender renewal: $5,518
- Branch location renewal: $2,208
For applications submitted within two weeks prior to licence expiry:
- Payday lender renewal: $5,581
- Branch location renewal: $2,270
Other fees and charges
- Change in licensee’s name or change in licensed location address: $61
- Change in senior officers / shareholder of the licensee: $61
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $59
- Application for reconsideration of a decision: $262
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 | $5,628 | $5,159 | $4,690 | $4,222 | $3,752 | $3,284 | $2,814 |
| Branch location | $2,318 | $2,125 | $1,931 | $1,739 | $1,545 | $1,353 | $1,159 |
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 |
Contributions to the Consumer Financial Education Fund
The contribution amounts and administration details of the Consumer Financial Education Fund (CFEF) are defined in 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
