User Fees, Regulatory Charges and External Fees

Reporting on the User Fees Act

General and Financial Information by Fee

General Information

Fee name Superintendent Non-deemed Approvals Except Deposit and Trust Agreements and Letters of Credit
S1-21 Approval to maintain a representative office of a foreign bank
S1-40 Reservation of a name
S2-02 Accreditation of a provincial reinsurer
Fee type Regulatory
Fee-setting authority Office of the Superintendent of Financial Institutions (OSFI) Act
Year introduced 1999
Year last amended 2006
Performance standard 90% will be processed in less than 60 calendar days of receipt.
Performance results 100% were processed in less than 60 calendar days of receipt.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
28,765 16,320 16,320

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)                       

Planning year Forecast revenue Estimated full cost
2017–18 18,041 18,041
2018–19 18,041 18,041
2019–20 18,041 18,041

General Information

Fee name Ministerial Approvals
S1-01 Letters patent of incorporation
S1-02 Letters patent of continuance
S1-03 Order permitting a foreign bank to carry on banking business in Canada
S1-04 Order approving the insuring in Canada of risks by a foreign body corporate
S1-15 Exemption from material banking group status
S1-16 Approval for a foreign bank or entity associated with a foreign bank to have a financial establishment in Canada
S1-17 Approval for a foreign bank or entity associated with a foreign bank in respect of investments and activities in Canada
Fee type Regulatory
Fee-setting authority OSFI Act
Year introduced 1999
Year last amended 2006
Performance standard 80% will be processed in less than 90 calendar days of receipt.
Performance results 100% were processed in less than 90 calendar days of receipt.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
265,296 340,789 340,789

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)

Planning year Forecast revenue Estimated full cost
2017–18 376,727 376,727
2018–19 376,727 376,727
2019–20 376,727 376,727

General Information

Fee name Precedents / Rulings / Interpretations
S2-01 Written, precedent-setting ruling relating to the quality of capital
S2-03 Written interpretation of Acts, regulations, guidelines or rulings
Fee type Regulatory
Fee-setting authority OSFI Act
Year introduced 1999
Year last amended 2003
Performance standard 80% will be processed in less than 180 calendar days of receipt.
Performance results 100% were processed in less than 180 calendar days of receipt.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
22,830 6,222 6,222

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)

Planning year Forecast revenue Estimated full cost
2017–18 6,878 6,878
2018–19 6,878 6,878
2019–20 6,878 6,878

General Information

Fee name Non-precedential Confirmations of Quality of Capital
S2-04 Written, non-precedent-setting confirmation of quality of capital
Fee type Regulatory
Fee-setting authority OSFI Act
Year introduced 1999
Year last amended 2003
Performance standard 90% will be processed in less than 60 calendar days of receipt.
Performance results 100% were processed in less than 60 calendar days of receipt.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
264,170 61,500 61,500

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)

Planning year Forecast revenue Estimated full cost
2017–18 67,985 67,985
2018–19 67,985 67,985
2019–20 67,985 67,985

General Information

Fee name Copies of Corporate Documents and Certificates of Confirmation
S2-10 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
Fee type Other products and services
Fee-setting authority OSFI Act
Year introduced 1999
Year last amended 2003
Performance standard 90% will be processed within 2 business days of receipt.
Performance results 100% were processed within 2 business days of receipt.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
125,000 100,800 100,800

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)

Planning year Forecast revenue Estimated full cost
2017–18 111,430 111,430
2018–19 111,430 111,430
2019–20 111,430 111,430

General Information

Fee name Fees for processing requests filed under the Access to Information Act
Fee type Other products and services
Fee-setting authority Access to Information Act
Year introduced 1988
Year last amended 1992
Performance standard A response is provided within 30 days following receipt of a request; the response time may be extended under section 9 of the Access to Information Act.
Performance results The department responded within 30 days in 92 per cent of cases.*
(58 of the 63 requests received)
*Includes cases where a Notice of Extension is sent to the requester within 30 days of receipt of the request. The Act provides more details: http://laws-lois.justice.gc.ca/eng/acts/A-1/page-2.html#s-9.

Financial Information, 2016–17 (dollars)

Forecast revenue Actual revenue Full cost
250 255 219,259

Financial Information, 2017–18, 2018–19 and 2019–20 (dollars)

Planning year Forecast revenue Estimated full cost
2017–18 315 233,000
2018–19 315 236,000
2019–20 315 239,000
Other information In July 2000, the Canada Customs and Revenue Agency ruled that most of the service charges are exempted from GST under the Excise Tax Act.

A Regulatory fee relates to an activity undertaken by a department that is integral to the effectiveness of a program and successful achievement of the program mandate requires moderating, directing, testing, or approving the actions of external parties.

The full cost is based on the fiscal year salary levels according to collective agreements, the fiscal year Treasury Board benefit factors, and OSFI’s factor for indirect costs.

Note: According to prevailing legal opinion, where the corresponding fee introduction or most recent modification occurred prior to March 31, 2004:

  • The performance standard, if provided, may not have received parliamentary review;
  • The performance standard, if provided, may not respect all establishment requirements under the User Fee Act (e.g. international comparison; independent complaint address); and,
  • The performance result, if provided, is not legally subject to section 5.1 of the User Fee Act regarding fee reductions for unachieved performance.

Summary of Financial Information for All User Fees and Regulatory Charges
Summary of Financial Information for All User Fees and Regulatory Charges,
2016–17 (dollars)

  Forecast revenue Actual revenue Full cost
Regulatory subtotal 581,061 424,831 424,831
Other products and services subtotal 125,250 101,055 320,059
Total, all fee types 706,311 525,886 744,890

Summary of Financial Information for All User Fees and Regulatory Charges,
2017–18, 2018–19 and 2019–20 (dollars)

  Planning year Forecast revenue Estimated full cost
Regulatory subtotal 2017–18 469,631 469,631
2018–19 469,631 469,631
2019–20 469,631 469,631
Other products and services subtotal 2017–18 111,745 344,430
2018–19 111,745 347,430
2019–20 111,745 350,430
Total, all fee types 2017–18 581,376 814,061
2018–19 581,376 817,061
2019–20 581,376 820,061

Reporting on the Policy on Service Standards for External Fees
General Information by Fee
General Information

External fee name Superintendent Non-deemed Approvals Except Deposit and Trust Agreements and Letters of Credit
S1-21 Approval to maintain a representative office of a foreign bank
S1-40 Reservation of a name
S2-02 Accreditation of a provincial reinsurer
Service standard 90% will be processed in less than 60 calendar days of receipt.
Performance results 100% were processed in less than 60 calendar days of receipt.
Stakeholder consultation in 2016–17 or prior fiscal years Although the number of approvals subject to a Regulatory fee represents 17% of the total regulatory approvals processed in 2016-17, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.
External fee name Ministerial Approvals
S1-01 Letters patent of incorporation
S1-02 Letters patent of continuance
S1-03 Order permitting a foreign bank to carry on banking business in Canada
S1-04 Order approving the insuring in Canada of risks by a foreign body corporate
S1-15 Exemption from material banking group status
S1-16 Approval for a foreign bank or entity associated with a foreign bank to have a financial establishment in Canada
S1-17 Approval for a foreign bank or entity associated with a foreign bank in respect of investments and activities in Canada
Service standard 80% will be processed in less than 90 calendar days of receipt.
Performance results 100% were processed in less than 90 calendar days of receipt.
Stakeholder consultation in 2016–17 or prior fiscal years Although the number of approvals subject to a Regulatory fee represents 17% of the total regulatory approvals processed in 2016-17, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.
External fee name Precedents/ Rulings/ Interpretations
S2-01 Written, precedent-setting ruling relating to the quality of capital
S2-03 Written interpretation of Acts, regulations, guidelines or rulings
Service standard 80% will be processed in less than 180 calendar days of receipt.
Performance results 100% were processed in less than 180 calendar days of receipt.
Stakeholder consultation in
2016–17 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 17% of the total regulatory approvals processed in 2016-17, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.
External fee name Non-precedential Confirmations of Quality of Capital
S2-04 Written, non-precedent-setting confirmation of quality of capital
Service standard 90% will be processed in less than 60 calendar days of receipt.
Performance results 100% were processed in less than 60 calendar days of receipt.
Stakeholder consultation in
2016–17 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 17% of the total regulatory approvals processed in 2016-17, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.
External fee name Copies of Corporate Documents and Certificates of Confirmation
S2-10 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
Service standard 90% will be processed within 2 business days of receipt.
Performance results 100% were processed within 2 business days of receipt.
Stakeholder consultation in 2016–17 or prior fiscal years Although the number of approvals subject to a Regulatory fee represents 17% of the total regulatory approvals processed in 2016-17, OSFI applies these standards to all application for regulatory approvals in order to provide a better quality of service.
Other information Disclaimer: As established pursuant to the Policy on Service Standards for External Fees:

  • Service standards may not have received parliamentary review;
  • Service standards may not respect all performance standard establishment requirements under the Users Fees Act (e.g., international comparison or independent complaint process); and,
  • Performance results are not legally subject to section 5.1 of the Users Fees Act regarding fee reductions for unachieved performance.