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User Fees Reporting
Table A: User Fees
User Fee: Superintendent Non-deemed Approvals Except Deposit and Trust Agreements and Letters of Credit
S1-21 Approval to maintain a representative office of a foreign bank
S1-40 Reservation of a name
S2-02 Accreditation of a provincial reinsurer
Fee Type: Regulatory (R)
Fee-setting Authority: OSFI Act
Date Last Modified: April 28, 2006
Performance Standards 1: 90% will be processed in less than 60 calendar days of receipt
Performance Results1: 99% were processed in less than 60 calendar days of receipt
| 2009-2010 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 41 | 42 | 42 | 2010-2011 | 46 | 46 |
| 2011-2012 | 46 | 46 | |||
| 2012-2013 | 46 | 46 | |||
User Fee: Ministerial Approvals
S1-01 Letters patent of incorporation
S1-02 Letters patent of continuance
S1-03 Order permitting a foreign bank to carry on banking business in Canada
S1-04 Order approving the insuring in Canada of risks by a foreign body corporate
S1-14 Exemption from material banking group status
S1-15 Approval for a foreign bank or entity associated with a foreign bank to have a financial establishment in Canada
S1-16 Approval for a foreign bank or entity associated with a foreign bank in respect of investments and activities in Canada
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: April 28, 2006
Performance Standards1: 80% will be processed in less than 90 calendar days of receipt
Performance Results1: 100% were processed in less than 90 calendar days of receipt
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 747 | 676 | 676 | 2010-2011 | 845 | 845 |
| 2011-2012 | 845 | 845 | |||
| 2012-2013 | 845 | 845 | |||
User Fee: Precedents / Rulings / Interpretations
S2-01 Written, precedent-setting ruling relating to the quality of capital
S2-03 Written interpretation of Acts, regulations, guidelines or rulings
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 80% will be processed in less than 180 calendar days of receipt
Performance Results1: 96% were processed in less than 180 calendar days of receipt
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 15 | 5 | 5 | 2010-2011 | 18 | 18 |
| 2011-2012 | 18 | 18 | |||
| 2012-2013 | 18 | 18 | |||
User Fee: Precedents / Rulings / Interpretations
S2-01 Written, precedent-setting ruling relating to the quality of capital
S2-03 Written interpretation of Acts, regulations, guidelines or rulings
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 80% will be processed in less than 180 calendar days of receipt
Performance Results1: 96% were processed in less than 180 calendar days of receipt
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 15 | 5 | 5 | 2010-2011 | 18 | 18 |
| 2011-2012 | 18 | 18 | |||
| 2012-2013 | 18 | 18 | |||
User Fee: Non-precedential Confirmations of Quality of Capital
S2-04 Written, non-precedent-setting confirmation of quality of capital
Fee Type: R
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 90% will be processed in less than 60 calendar days of receipt
Performance Results1: 97% were processed in less than 60 calendar days of receipt
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 160 | 109 | 109 | 2010-2011 | 166 | 166 |
| 2011-2012 | 166 | 166 | |||
| 2012-2013 | 166 | 166 | |||
User Fee: Copies of Corporate Documents and Certificates of Confirmation
S2-10 Copies of any one of the following corporate documents (per request and per body corporate): (a) a certificate of confirmation; (b) a certified copy of letters patent or of incorporation or amalgamation documents; and (c) the corporate history of a body corporate
Fee Type: Other Products and Services (O)
Fee-setting Authority: OSFI Act
Date Last Modified: August 13, 2003
Performance Standards1: 90% will be processed within 2 business days of receipt
Performance Results1: 100% were processed within 2 business days of receipt
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 71 | 99 | 99 | 2010-2011 | 74 | 74 |
| 2011-2012 | 74 | 74 | |||
| 2012-2013 | 74 | 74 | |||
User Fee: Access to Information User Fees
Fees charged for processing access requests filed under the Access to Information Act
Fee Type: O
Fee-setting Authority: Access to Information Act
Date Last Modified: 1992
Performance Standards1: Response provided within 30 days following receipt of request; the response time may be extended pursuant to section 9 of the Access to Information Act. Notice of extension to be sent within 30 days after receipt of request. The Actprovides more details: http://laws.justice.gc.ca/en/A-1/218072.htm.
Performance Results1: Statutory deadline of 30 days met 100% of the time
| 2009-10 | Planning Years | ||||
|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost |
| 4 | 1 | 241 | 2010-2011 | 4 | 248 |
| 2011-2012 | 4 | 255 | |||
| 2012-2013 | 4 | 264 | |||
Other Information:
In July 2000, the Canada Customs and Revenue Agency ruled that most of the service charges are exempted from GST under the Excise Tax Act.
A fee is either identified as “Regulatory” (R) or “Other Products and Services” (O). A Regulatory fee relates to an activity undertaken by a department that is integral to the effectiveness of a program and successful achievement of the program mandate requires moderating, directing, testing, or approving the actions of external parties.
The full cost is based on the fiscal year salary levels according to collective agreements, the fiscal year Treasury Board benefit factors and OSFI’S factor for indirect costs.
1. Note: According to prevailing legal opinion, where the corresponding fee introduction or most recent modification occurred prior to March 31, 2004:
- the performance standard, if provided, may not have received parliamentary review; and
- the performance standard, if provided, may not respect all establishment requirements under the User Fee Act (e.g. international comparison; independent complaint address); and
- the performance result, if provided, is not legally subject to section 5.1 of the UFA regarding fee reductions for unachieved performance service standards may not have received parliamentary review.
| 2009-10 | Planning Years | |||||
|---|---|---|---|---|---|---|
| Forecast Revenue | Actual Revenue | Full Cost | Fiscal Year | Forecast Revenue | Estimated Full Cost | |
| Sub-Total (R) | 963 | 832 | 832 | 2010-2011 | 1,075 | 1,075 |
| 2011-2012 | 1,075 | 1,075 | ||||
| 2012-2013 | 1,075 | 1,075 | ||||
| Sub-Total (O) | 75 | 100 | 340 | 2010-2011 | 78 | 322 |
| 2011-2012 | 78 | 329 | ||||
| 2012-2013 | 78 | 338 | ||||
| Total | 1,038 | 932 | 1,172 | 2010-2011 | 1,153 | 1,397 |
| 2011-2012 | 1,153 | 1,404 | ||||
| 2012-2013 | 1,153 | 1,413 | ||||
Table C - External Fees
| External Fee | Service Standard2 | Performance Results3 | Stakeholder Consultation |
|---|---|---|---|
| Superintendent Non-deemed Approvals Except Deposit and Trust Agreements and Letters of Credit |
In March 2005, paying and non-paying stakeholders were asked to review and comment on the proposed service standards that were developed in response to the government’s policy that all user fees should be subject to an appropriate standard. Stakeholders were generally supportive of OSFI’s proposed service standards and supported OSFI’s early implementation of the government’s policy. OSFI believes that having specific service standards serve to enhance OSFI’s accountability and transparency. In 2006, the Regulations setting out OSFI’s user fees were substantially amended to reduce the number of services from 52 to 14, recognizing that the initial charges did not result in a significant redistribution of OSFI’s costs among FRFIs and that the charges did not recover a meaningful percentage of OSFI’s annual operating costs, which are primarily recovered through base assessments on FRFIs. However, it is OSFI’s intention to keep the service standards in place for the services provided regardless of whether there is an associated fee. OSFI continues to monitor and review the standards on an ongoing basis. |
||
| Approval to maintain a representative office of a foreign bank | 90% will be processed in less than 60 calendar days of receipt | 99% were processed in less than 60 calendar days of receipt | |
| Reservation of a name | |||
| Accreditation of a provincial reinsurer | |||
| Ministerial Approvals | |||
| Letters patent of incorporation | 80% will be processed in less than 90 calendar days of receipt | 100% were processed in less than 90 calendar days of receipt | |
| Letters patent of continuance | |||
| Order permitting a foreign bank to carry on banking business in Canada | |||
| Order approving the insuring in Canada of risks by a foreign body corporate | |||
| Exemption from material banking group status | |||
| Approval for a foreign bank or entity associated with a foreign bank to have a financial establishment in Canada | |||
| Approval for a foreign bank or entity associated with a foreign bank in respect of investments and activities in Canada | |||
| Precedents/ Rulings/ Interpretations | |||
| Written, precedent-setting ruling relating to the quality of capital | 80% will be processed in less than 180 calendar days of receipt | 96% were processed in less than 180 calendar days of receipt | |
| Written interpretation of Acts, regulations, guidelines or rulings | |||
| Non-precedential Confirmations of Quality of Capital | |||
| Written, non-precedent-setting confirmation of quality of capital | 90% will be processed in less than 60 calendar days of receipt | 97% were processed in less than 60 calendar days of receipt | |
| Copies of Corporate Documents and Certificates of Confirmation | |||
| Copies of any one of the following corporate documents (per request and per body corporate): (a) a certificate of confirmation; (b) a certified copy of letters patent or of incorporation or amalgamation documents; and (c) the corporate history of a body corporate | 90% will be processed within 2 business days of receipt | 100% were processed within 2 business days of receipt | |
| Access to Information User Fees | |||
| Fees charged for processing access requests filed under the Access to Information Act | Response provided within 30 days following receipt of request; the response time may be extended pursuant to section 9 of the Access to Information Act. Notice of extension to be sent within 30 days after receipt of request. The Act provides fuller details. | Statutory deadlines met 100% of the time | The service standard is established by the Access to Information Act and the Access to Information Regulations. Consultations with stakeholders were undertaken by the Department of Justice and the Treasury Board Secretariat for amendments done in 1986 and 1992. |
|
Other Information: None |
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2. As established pursuant to the Policy on Service Standards for External Fees:
- service standards may not have received parliamentary review; and
- service standards may not respect all performance standard establishment requirements under the UFA (e.g. international comparison; independent complaint address).
3. Performance results are not legally subject to section 5.1 of the UFA regarding fee reductions for unachieved performance.