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 2019 CPI rate of 2% will be used for our indexing for the fiscal year of 2020-21 on April 1, 2020. Therefore, the following fees table will be in effect April 1, 2020:

SCHEDULE 1
ItemShort-form Description of Document or ServiceFees ($) until
March 31, 2020
Fees ($) as of
April 1, 2020
1Letters patent of incorporation32,70433,358
2Letters patent of continuance32,70433,358
3Order permitting a foreign bank to carry on business in Canada32,70433,358
4Order approving the insuring in Canada of risks by a foreign body
corporate
32,70433,358
14Exemption from material banking group status8,1768,340
15Approval for a foreign bank or an entity associated with a foreign bank to have a financial establishment in Canada8,176 8,340
16Approval for a foreign bank or an entity associated with a foreign bank in respect of investments and activities8,176 8,340
21Approval to maintain a representative office of a foreign bank4,9065,004
40Reservation of a name818834
SCHEDULE 2
ItemServicesFees ($) until
March 31, 2020
Fees ($) as of
April 1, 2020
1Written, precedent-setting ruling relating to the quality of capital6,5416,672
2Accreditation of provincial reinsurer4,0884,170
3Written interpretation of Acts, regulations, guidelines or rulings4,0884,170
4Written, non-precedent-setting confirmation of quality of capital4,0884,170
10Copies of any one of the following corporate documents (per request and per body corporate):
  1. a certificate of confirmation;
  2. a certified copy of letters patent or of incorporation or amalgamation documents; and
  3. the corporate history of a body corporate
164 for up to 20
copies plus 5
for each
additional copy
167 for up to 20
copies plus 5
for each
additional copy