Each year, you are required to pay us the fees for any money-services business licence granted to you and to update your file if needed.

Paying the licence renewal fees

In mid-February each year, you will receive an invoice in the mail showing the licence renewal fees. You must pay the required fees by March 31 each year, regardless of when in the year the licence came into effect. If you do not pay these fees by the due date, an advance notice of suspension will be sent to you at the beginning of April, informing you that you have 10 days to pay the fees before your licence is suspended.

See the information about payment methods to find out how to pay your licence renewal fees.

Updating your file

When you renew a licence, you must ensure that the business relationships in your file are up to date. You are responsible for keeping the information in your file accurate. Be sure to read all the information sent with your invoice.