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.
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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.
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