Fees: FAQs
General Inquiries
What are the payment options?
SEDAR+:
For filings submitted on SEDAR+, filing and late fees (if applicable) will be automatically calculated by system and paid at the time of submission. SEDAR+ will use Electronic Funds Transfer (EFT) for all fees. Payments for Report of Exempt Distribution (RED) filings can also be made using credit cards. If you need help making a filing on SEDAR+, please refer to SEDAR+ Help Centre.
Cheques:
All cheques should be addressed to the Alberta Securities Commission and mailed to the following address:
Suite 600, 250-5th Street SW
Calgary, AB T2P 0R4
Note: Late filing fees for insiders reports (except for insiders located outside of Canada) and fees for applications that are not filed on SEDAR+ can only be paid by a cheque.
Credit Card:
Credit card payments can only be made in person. We do not take any credit card information over the phone or by email due to Payment Card Industry compliance requirements.
How do you request a refund?
Complete the refund request application form and send it to accounts.receivable@asc.ca for review. Click here to access the refund request application.
For any refunds of SEDAR+ System Fees, please contact CSA Service Desk.
Once your refund application is processed, you will be able to see a refund transaction on your payment basket in SEDAR+. There may be a delay in recording the refund in SEDAR+.
You may file a formal application for fee relief pursuant to ASC Policy 12-601. The application fee is $750. Please see ASC Policy 12-601 for details.
How do you request a fee exception code?
A fee exemption code may be issued if
- a fee relief or a fee waiver has been obtained for a filing.
- a fee rule, fee regulation, or other securities rule change, which has not yet been configured into SEDAR+ resulting in an incorrect fee calculation.
- an issuer has previously paid for the filing inside or outside the system.
- a filer is not able to pay the fee at the time of filing and the regulator determines that timely filing is more important than timely fee payment. In this case, fee collection would be pursued after the filing is made. This will be most commonly used for Issuers filing within 90 days to correct a default and obtain a revocation of a failure-to-file cease trade order where the local jurisdiction’s legislation does not require the fees to be paid.
Participation Fees
What are the fees for filing financial statements?
Participation fees for annual financial statements are based on the issuer’s classification. Please refer to ASC Rule 13-501 Fees.
You can also refer to the participation fees for annual financial statements for further information.
What are the filing fees for Interim filings, MD&A and Annual Certificates?
Fees are not required for Interim filing statements, MD&A and Annual Certificates in Alberta.
Is there a fee for late filings?
The issuer is required to pay $100 per calendar day late up to a maximum of $5,000 per financial statement. There is no late fee for the date of filing. Please refer to s.16 of ASC Rule 13-501 Fees for further information.
For late fee calculation purposes, the date and time a filing is made on SEDAR+ is based on Eastern Time (ET). As such, if a filing is made anytime between 00:00 ET and 23:59 ET, it will be considered filed on that day.
Prospectuses
What are the filing fees for prospectuses?
Common fees relating to prospectuses are set out below:
- $2,000 for a prospectus filed other than for a mutual fund, plus an additional $2,000 where there is one or more selling security holders whose securities may be distributed under the prospectus.
- $1,200 for a prospectus filed for a mutual fund, plus an additional $1,200 where there is one or more selling security holders whose securities may be distributed under the prospectus.
- $250 for where the distribution value is less than $1 million, other than the exercise of a right under a special warrant.
- $250 for every amendment filed.
- $100 for every technical report filed with the prospectus.
Is there a requirement to file a notice of proceeds?
Yes, pursuant to s. 10(1) of ASC Rule 13-501 Fees (Fee Rule), a notice of proceeds must be filed for every prospectus filed for the distribution of securities. Please file the notice of proceeds certificate under the same SEDAR+ filing number.
Reporting issuers (other than investment funds) are no longer required to pay a fee based on gross proceeds.
For more information, visit SEDAR+ FAQ.
Is there a specific format for a notice of proceeds?
The issuer is required to indicate the amount of proceeds raised in Alberta and if there are any additional fees required to be paid.
Report of Exempt Distribution/ Form 45-106F1
What are the filing fees for a Report of Exempt Distribution?
Non Reporting Issuers:
Fees are calculated as greater of a base fee of $200 for Form 45-106F1, and one of the following amounts of the proceeds realized in Alberta:
- 0.02% of gross proceeds in AB for mutual fund;
- 0.02% of net proceeds in AB for money market fund; or
- in any other cases, 0.025% of gross proceeds in AB
Reporting issuers:
Reporting issuers that are not investment funds are only required to pay the base fee of $200.
Please visit http://www.checkfirst.ca/alberta-securities-commission/fee-calculator/ to access the fee calculator tool to assist with reports of exempt distribution filing and late fees.
What are the late filing fees?
Pursuant to s.11(4) of ASC Rule 13-501 Fees, the late fee is calculated as $100 per for each day that elapses between the date the report was required to be filed and the date on which the report is filed with a maximum of a $1,000 per report. There is no late filing fee for the date of filing.
For late fee calculation purposes, the date and time a filing is made on SEDAR+ is based on Eastern Time (ET). As such, if a filing is made anytime between 00:00 ET and 23:59 ET, it will be considered filed on that day.
Please visit http://www.checkfirst.ca/alberta-securities-commission/fee-calculator/ to access the fee calculator tool to assist with reports of exempt distribution filing and late fees.
Is there a late filing fee if the prescribed deadline falls on the weekend or a holiday?
The due date will be moved to the next business day if the due date falls on a weekend or the following holidays:
- New Year’s Day
- Family Day
- Good Friday
- Easter Monday
- Victoria Day
- Canada Day
- Labour Day
- Thanksgiving Day
- Remembrance Day
- Christmas Eve
- Christmas Day
- Boxing Day
Other questions
Please refer to the ASC Rule 13-501 Fees if there are any other questions.