Service Fees

The Office of the Superintendent of Financial Institutions (OSFI) will implement annual, indexed increases to its fees to keep pace with inflation. Annual fee increments based on the Consumer Price Index (CPI), as per the Service Fees Act provisions, will be added to OSFI’s fees that are paid by non-federally regulated institutions such as new applicants, and those that are charged for rulings, interpretations, capital quality confirmations, and copies of corporate documents.

On April 1, 2019 and every subsequent year on April 1, all fees set out in the Regulations Amending the Charges for Services Provided by the Office of the Superintendent of Financial Institutions Regulations 2002 will be adjusted by the percentage change over 12 months in the April All-items Consumer Price Index for Canada, as published by Statistics Canada under the Statistics Act, for the previous fiscal year. All adjusted fees will be rounded to the nearest dollar.

The April 2018 CPI rate of 2.2% will be used for our indexing for the fiscal year of 2019-20 on April 1, 2019. Therefore, the following fees table will be in effect April 1, 2019:

SCHEDULE 1
Item Short-form Description of Document or Service Fees ($) until
March 31, 2019
Fees ($) as of
April 1, 2019
1 Letters patent of incorporation 32,000 32,704
2 Letters patent of continuance 32,000 32,704
3 Order permitting a foreign bank to carry on business in Canada 32,000 32,704
4 Order approving the insuring in Canada of risks by a foreign body corporate 32,000 32,704
14 Exemption from material banking group status 8,000 8,176
15 Approval for a foreign bank or an entity associated with a foreign bank to have a financial establishment in Canada 8,000 8,176
16 Approval for a foreign bank or an entity associated with a foreign bank in respect of investments and activities 8,000 8,176
21 Approval to maintain a representative office of a foreign bank 4,800 4,906
40 Reservation of a name 800 818
SCHEDULE 2
Item Services Fees ($) until
March 31, 2019
Fees ($) as of
April 1, 2019
1 Written, precedent-setting ruling relating to the quality of capital 6,400 6,541
2 Accreditation of provincial reinsurer 4,000 4,088
3 Written interpretation of Acts, regulations, guidelines or rulings 4,000 4,088
4 Written, non-precedent-setting confirmation of quality of capital 4,000 4,088
10 Copies of any one of the following corporate documents (per request and per body corporate):
(a) a certificate of confirmation;
(b) a certified copy of letters patent or of incorporation or amalgamation documents; and
(c) the corporate history of a body corporate
160 for up to 20
copies plus 5
for each
additional copy
164 for up to 20
copies plus 5
for each