Remission of service fees
When we don’t meet our service standards, we must remit the service fee before July 1 of the following fiscal year. We don’t include interest on pending remissions. We won’t issue remissions if service standards are missed because of circumstances that were outside of our control, including:
- acts of nature, such as floods or power failures
- labour disruptions
- delays caused by the applicant, such as not providing information on time
|
Service |
Standard missed by 1 to 180 days |
Standard missed by more than 180 days |
|---|---|---|
|
Letters patent of incorporation |
25% |
100% |
|
Letters patent of continuance |
25% |
100% |
|
Order permitting a foreign bank to carry on business in Canada |
25% |
100% |
|
Order approving the insuring in Canada of risks by a foreign body corporate |
25% |
100% |
|
Exemption from material banking group status |
25% |
100% |
|
Approval for a foreign bank or an entity associated with a foreign bank to have a financial establishment in Canada |
25% |
100% |
|
Approval for a foreign bank or an entity associated with a foreign bank in respect of investments and activities |
25% |
100% |
|
Approval to maintain a representative office of a foreign bank |
25% |
100% |
|
Reservation of a name |
100% |
N/A |
|
Written, precedent-setting ruling relating to the quality of capital |
25% |
100% |
|
Accreditation of provincial reinsurer |
25% |
100% |
|
Written interpretation of Acts, regulations, guidelines or rulings |
25% |
100% |
|
Written, non-precedent-setting confirmation of quality of capital |
25% |
100% |
|
Copies of any of the following corporate documents (per request and per body corporate):
|
100% |
N/A |