User 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, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
46,400 27,040 27,040

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)                       

Planning year Forecast revenue Estimated full cost
2016–17 28,765 28,765
2017–18 28,765 28,765
2018–19 28,765 28,765

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, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
304,000 337,574 337,574

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)

Planning year Forecast revenue Estimated full cost
2016–17 265,296 265,296
2017–18 265,296 265,296
2018–19 265,296 265,296

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, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
4,000 16,178 16,178

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)

Planning year Forecast revenue Estimated full cost
2016–17 22,830 22,830
2017–18 22,830 22,830
2018–19 22,830 22,830

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 97% were processed in less than 60 calendar days of receipt.

Financial Information, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
36,000 360,081 360,081

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)

Planning year Forecast revenue Estimated full cost
2016–17 264,170 264,170
2017–18 264,170 264,170
2018–19 264,170 264,170

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, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
125,000 114,930 114,930

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)

Planning year Forecast revenue Estimated full cost
2016–17 125,000 125,000
2017–18 125,000 125,000
2018–19 125,000 125,000

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 80 per cent of cases.*
(28 of the 35 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, 2015–16 (dollars)

Forecast revenue Actual revenue Full cost
500 145 214,540

Financial Information, 2016–17, 2017–18 and 2018–19 (dollars)

Planning year Forecast revenue Estimated full cost
2016–17 250 230,000
2017–18 250 233,000
2018–19 250 236,000
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,
2015–16 (dollars)

  Forecast revenue Actual revenue Full cost
Regulatory subtotal 390,400 740,873 740,873
Other products and services subtotal 125,500 115,075 329,470
Total, all fee types 515,900 855,948 1,070,343

Summary of Financial Information for All User Fees and Regulatory Charges,
2016–17, 2017–18 and 2018–19 (dollars)

  Planning year Forecast revenue Estimated full cost
Regulatory subtotal 2016–17 581,061 581,061
2017–18 581,061 581,061
2018–19 581,061 581,061
Other products and services subtotal 2016–17 125,250 355,000
2017–18 125,250 358,000
2018–19 125,250 361,000
Total, all fee types 2016–17 706,311 936,061
2017–18 706,311 939,061
2018–19 706,311 942,061

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
2015–16 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 20% of the total approvals processed in 2015-16, 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
2015–16 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 20% of the total approvals processed in 2015-16, 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
2015–16 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 20% of the total approvals processed in 2015-16, 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 97% were processed in less than 60 calendar days of receipt.
Stakeholder consultation in
2015–16 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 20% of the total approvals processed in 2015-16, 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
2015–16 or prior fiscal years
Although the number of approvals subject to a Regulatory fee represents 20% of the total approvals processed in 2015-16, 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.