Summary of Fees - Mortgage Brokerages, Brokers, Agents and Administrators

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

. Mortgage brokerages can pay these fees by credit card or pre-payment authorization in Licensing Link.

Licence Type	Two-year licensing fee for existing licensees	Two-year licensing fee for new applicants*
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.