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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

Summary of fees for the two-year licensing period, as listed in the official Minister's Schedule of Required Fees [PDF Document] Size: ## kb. 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​
$700​
$100 + (A x $30)​
Mortgage Broker​
$700​
$100 + (A x $30)​
Mortgage Brokerage​
$700​
$100 + (A x $30)​
Mortgage Administrator​
$700​
$100 + (A x $30)​
​*$800 fee for new license 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)