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What you need to know about the upcoming fee changes

The replacement of the User Fees Act (UFA) by the Service Fees Act (SFA) will result 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). Increases 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 first increase will be 2.2%, effective September 1, 2020, followed by a 2% increase on March 31, 2021. 

OSB fee adjustments

Fee

Up to August 31, 2020

Starting on September 1, 2020

Starting on March 31, 2021

Filing fees

(see detailed filing fee table below)

Licence renewal fees

(Individual and corporate)

$850.00

$868.70

$886.07

Licence application fees (Individual and corporate)

$300.00

$306.60

$312.73

Levy for Summary Administrations

(when maximum levy rate amount payable is at 100%)

$200.00

$204.40

$208.49

Detailed table of filing fee changes
General Rule Administration Type Fee Amounts
Up to August 31, 2020 Starting on September 1, 2020 Starting on March 31, 2021
Summary Administrations
132 (1) (a) Summary - Single $75.00 $76.65 $78.18
132 (1) (a) Summary - Single - Previous Bankruptcy $150.00 $153.30 $156.37
132 (1) (a) Summary - Primary Joint $75.00 $76.65 $78.18
132 (1) (a) Summary - Primary Joint - Previous Bankruptcy $150.00 $153.30 $156.37
132 (1) (a) Summary - Related Joint $0.00 $0.00 $0.00
132 (1) (a) Summary - Primary Partnership $75.00 $76.65 $78.18
132 (1) (a) Summary - Primary Partnership - Previous Bankruptcy $150.00 $153.30 $156.37
132 (1) (a) Summary - Related Partnership $75.00 $76.65 $78.18
132 (1) (a) Summary - Related Partnership - Previous Bankruptcy $150.00 $153.30 $156.37
Ordinary Administrations    
132 (1) (a) Ordinary $150.00 $153.30 $156.37
132 (1) (a) Ordinary - Primary Partnership $150.00 $153.30 $156.37
Proposals    
132 (1) (b) Proposal - Division I - Single $150.00 $153.30 $156.37
132 (1) (b) Proposal - Division I - Primary Joint $150.00 $153.30 $156.37
132 (1) (b) Proposal - Division I - Related Joint $0.00 $0.00 $0.00
132 (1) (c) Proposal - Division II - Single $100.00 $102.20 $104.24
132 (1) (c) Proposal - Division II - Primary Joint $100.00 $102.20 $104.24
132 (1) (c) Proposal - Division II - Related Joint $0.00 $0.00 $0.00
Receiverships    
136 Receivership $70.00 $71.54 $72.97
136 Receivership - Primary Joint $70.00 $71.54 $72.97
136 Receivership - Related Joint $0.00 $0.00 $0.00
Other    
132 (1) (a) Conversion from Summary to Ordinary Administration $150.00 $153.30 $156.37
132 (1) (d) Conversion from Related Joint Summary to Ordinary Administration $75.00 $76.65 $78.18
n/a Authorized Filing Fee Exemption $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, 2021, in order to have these fees (filing and levy) 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.

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