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Minister's Schedule of Required Fees

​Fees, made under the Credit Unions and Caisses Populaires Act, 1994, section 321(6): ​
DESCRIPTION FEE
1. Applying for the incorporation of a new credit union/caisse populaire - section 15(1) $2,500
2. Approval of the articles of incorporation - section 16(1) $2,500
3. Receipts for offering statements, based on face amount - section 77(1)​ $2,500+50 basis points - maximum $25,000​
4. Receipts for statement of material change, based on face amount - section 80(1)​ $1,500+25 basis points​
5. Approval for capital variation - section 86​ $5,000​
6. Application by credit union/caisse populaire to be released from supervision:
 a) supported by DICO - section 285(4)
 b) not supported by DICO - section 285(4)​


No Charge
$2,500​
7. Approval for a subsidiary - section 200​ $2,500​
8. Approval for amalgamation - section 309 $5,000
9. Approval for application for purchase or sale of assets - section 203 $1,000
10. Application to change from Class 1 credit union to Class 2 credit union - section 1.1 of Reg 76/95.​ $2,500​
11. Applications:

a) Deeming Affiliation - section 5
b) Bond of Association - section 30
c) Stated Capital Reduction - section 72
d) Approval to Deal in Goods or Trade - section 174
e) Variation from A Prescribed Lending Limit - section 195​


$500
$500
$500
$500
$500​
12. Applications:

a) Language and Form of Name - section 19
b) Restrictions re Names - section 21
c) Reserving a Name - section 22
d) Payment to Withdrawing or Expelled Member - section 48(6)
e) Approval of Holding Own Shares - section 61
f) Withdrawals by Negotiable Instrument - section 182
g) Borrowing Power - section 183
h) Loans to Members - section 194​


$250
$250
$250
$250
$250
$250
$250
$250​
13. Examining and passing on applications or documents not specifically referred to in the Fee Schedule​ $500​
14. Certificates of Registration​ $50​

 

 

Fees Made under the Financial Services Commission of Ontario Act, 1997, subsection 27(1)