Service provider licence applicants will be required to pay a two-component fee at the time of application. This fee consists of a one-time licensing fee and an annual regulatory fee.
The required fee will consist of:
1. A one-time licence fee of $337
This one-time licensing fee covers the cost of assessing the application for satisfaction of the regulatory requirements, and determining whether the applicant qualifies for a licence.
2. An annual regulatory fee
This annual regulatory fee covers the cost of regulating the service provider sector. The regulatory fee is proportional, and varies based on the size and nature of the applicant’s business.
Each applicant’s regulatory fee is calculated according to the following formula:
$15 multiplied (x) by the total number of unique statutory accident benefit claimants in the calendar year before the year in which the application is made.
$128 multiplied (x) by the applicant's total number of business locations at the time the application is made.
This regulatory fee is prorated, based on a fiscal year cycle that begins April 1 and ends March 31. For example, if the applicant is applying to obtain a licence that is effective December 1, 2014, the fee would be prorated for the period December 1, 2014 to March 31, 2015 (four months).
Using this same example, the full annual regulatory fee would be payable by the licensee beginning in April 1, 2015, and every year thereafter, as directed by the Financial Services Commission of Ontario (FSCO).
FSCO is a cost recovery regulatory agency. FSCO will evaluate health service provider licensing fees annually to ensure they accurately reflect the costs of regulating the sector.
Service providers can influence the cost of regulation and fees by complying with the law.
For more information on the service provider licensing fee structure, visit FSCO's FAQs.