All Mortgage Brokerages, Administrators, Brokers and Agents need to be licensed with the Financial Services Commission of Ontario (FSCO) in order to conduct mortgage brokering business in Ontario. A fee is payable for each licence and is set by the Minister of Finance and is based on a two-year licence period.
Summary of fees for the two-year licensing period, as listed in
Ontario Regulation 7/18 ![open new window [New Window]](/Style%20Library/FSCO/Internet/Images/icons/external.png)
. Mortgage brokerages can pay these fees by credit card or pre-payment authorization in
Licensing Link.
Mortgage Agent |
$1,056 |
$100 + (A x $44) |
Mortgage Broker |
$1,056 |
$100 + (A x $44) |
Mortgage Brokerage |
$1,056 |
$100 + (A x $44) |
Mortgage Administrator |
$1,056 |
$100 + (A x $44) |
*$1,156 fee for new licence applicants. Note: A = number of full or partial months from the date the application was submitted. |
Fees Made under the Financial Services Commission of Ontario Act, 1997, subsection 27(1)