Know your fees
All high-cost credit grantor licences expire on October 31.
Read the notification of the 2025-2027 fee change.
The fee for a high-cost credit grantor licence is defined in the High-Cost Credit Products Regulation.
- New head office licence: $5,412/year
- New licence for each branch location: $2,229/year
- Head office renewal: $5,412/year
- Branch location: $2,229/year
Read the High-Cost Credit Product Regulation
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 |
| Principal location | $5,412 | $4,961 | $4,510 | $4,059 | $3,608 | $3,157 |
| Per branch location | $2,229 | $2,043 | $1,858 | $1,672 | $1,486 | $1,300 |
(continued from above)
| Month of application | May | Jun | Jul | Aug | Sep | Oct |
| Principal location | $2,706 | $2,255 | $1,804 | $1,353 | $902 | $451 |
| Per branch location | $1,115 | $929 | $743 | $557 | $372 | $186 |
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.
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 the licence application.
- 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
Are you a licensed payday lender? Read about your CFEF contributions and deadlines.
New licence fees
- New principal licence: $6,061
- New licence for a branch office: $2,496
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 | $6,061 | $5,556 | $5,051 | $4,546 | $4041 | $3,536 | $3,031 |
| Per branch location | $2,496 | $2,288 | $2,080 | $1,873 | $1,664 | $1,456 | $1,249 |
Licence renewals
For applications submitted more than two weeks prior to licence expiry:
- Principal renewal: $6,061
- Branch location renewal: $2,496
For applications submitted within two weeks prior to licence expiry:
- Principal renewal: $6,136
- Branch location renewal: $2,571
Other fees and charges
- Change in licensee’s name or change in licensed location address: $75
- Change of senior officers/directors of the licensee: $75
- Submitting a non-sufficient fund (NSF) payment or declined credit card payment: $50
- Application for reconsideration of a decision: $311
Read about our reconsideration process.
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 the licence application.
- Head office contribution: $224/year
- Contribution for each branch location: $224/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- Oct |
| Principal location | $224 | $205 | $190 | $171 | $152 | $133 | $112 |
| Per branch location | $224 | $205 | $190 | $171 | $152 | $133 | $112 |
Are you a licensed payday lender? Read about your CFEF contributions and deadlines.