The replacement of the User Fees Act (UFA) by the Service Fees Act (SFA) resulted in annual adjustments to the following fees beginning September 1, 2020:
- Filing fees
- Licence renewal fees
- Licence application fees
- Levy for Summary Administrations
Annual adjustments will normally take place on March 31 of each year and will be based on the Consumer Price Index (CPI). Adjustments effective on March 31 of every year will be based on the annual percentage change of the CPI for the previous fiscal year.Footnote 1 The fee adjustment effective March 31, 2024 is 6.8%.
In June 2023, amendments to the SFA were enacted which enabled the Office of the Superintendent of Bankruptcy (OSB) to advocate for an exemption from further SFA fee adjustments for the summary administration levy under the Bankruptcy and Insolvency Act.
|
Fee |
Up to August 31, 2020 |
Starting on September 1, 2020 |
Starting on March 31, 2021 |
Starting on March 31, 2022 |
Starting on March 31, 2023 |
Starting on March 31, 2024 |
|
Filing fees |
(see detailed filing fee table below) |
|||||
|
Licence renewal fees |
$850.00 |
$868.70 |
$886.07 |
$884.30 |
$914.37 | $976.55 |
|
Licence application fees (Individual and corporate) |
$300.00 |
$306.60 |
$312.73 |
$312.10 |
$322.71 | $344.65 |
|
Levy for Summary Administrations |
$200.00 |
$204.40 |
$208.49 |
$208.07 |
$215.14 | $215.14 |
| General Rule | Administration Type | Fee Amounts | |||||
| Fee Amounts Up to August 31, 2020 | Fee Amounts Starting on September 1, 2020 | Fee Amounts Starting on March 31, 2021 | Fee Amounts Starting on March 31, 2022 | Fee Amounts Starting on March 31, 2023 | Fee Amounts Starting on March 31, 2024 | ||
| Summary Administrations | |||||||
| 132 (1) (a) | Summary - Single | $75.00 | $76.65 | $78.18 | $78.02 | $80.67 | $86.16 |
| 132 (1) (a) | Summary - Single - Previous Bankruptcy | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (a) | Summary - Primary Joint | $75.00 | $76.65 | $78.18 | $78.02 | $80.67 | $86.16 |
| 132 (1) (a) | Summary - Primary Joint - Previous Bankruptcy | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (a) | Summary - Related Joint | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 132 (1) (a) | Summary - Primary Partnership | $75.00 | $76.65 | $78.18 | $78.02 | $80.67 | $86.16 |
| 132 (1) (a) | Summary - Primary Partnership - Previous Bankruptcy | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (a) | Summary - Related Partnership | $75.00 | $76.65 | $78.18 | $78.02 | $80.67 | $86.16 |
| 132 (1) (a) | Summary - Related Partnership - Previous Bankruptcy | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| Ordinary Administrations | |||||||
| 132 (1) (a) | Ordinary | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (a) | Ordinary - Primary Partnership | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| Proposals | |||||||
| 132 (1) (b) | Proposal - Division I - Single | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (b) | Proposal - Division I - Primary Joint | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (b) | Proposal - Division I - Related Joint | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 132 (1) (c) | Proposal - Division II - Single | $100.00 | $102.20 | $104.24 | $104.03 | $107.57 | $114.88 |
| 132 (1) (c) | Proposal - Division II - Primary Joint | $100.00 | $102.20 | $104.24 | $104.03 | $107.57 | $114.88 |
| 132 (1) (c) | Proposal - Division II - Related Joint | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Receiverships | |||||||
| 136 | Receivership | $70.00 | $71.54 | $72.97 | $72.82 | $75.30 | $80.42 |
| 136 | Receivership - Primary Joint | $70.00 | $71.54 | $72.97 | $72.82 | $75.30 | $80.42 |
| 136 | Receivership - Related Joint | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Other | |||||||
| 132 (1) (a) | Conversion from Summary to Ordinary Administration | $150.00 | $153.30 | $156.37 | $156.06 | $161.37 | $172.34 |
| 132 (1) (d) | Conversion from Related Joint Summary to Ordinary Administration | $75.00 | $76.65 | $78.18 | $78.02 | $80.67 | $86.16 |
| n/a | Authorized Filing Fee Exemption | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
What do you need to do?
Licensed Insolvency Trustees (LIT) may need to update their software prior to March 31, 2024, in order to have these fees (filing) implemented. LITs may wish to communicate with their vendors to coordinate the necessary steps required to upgrade their software in a timely manner. The OSB is working with external LIT software providers to ensure a smooth transition and will continue to work with them to ensure that the software is updated each year on March 31.