Participation fees are required to be submitted annually under ASC Rule 13-501 Fees, Part 5 and Part 6.
- A Class 1 reporting issuer and a Class 3B reporting issuer must file a completed Form 13-501F1 Class 1 Reporting Issuers and Class 3B Reporting Issuers – Participation Fee. A Class 1 reporting issuer must pay the participation fee in Appendix A and Class 3B reporting issuer must pay the participation fee in Appendix B, as determined in accordance with either section 20 or 21, based on the reporting issuer’s capitalization for the previous financial year.
- A Class 2 reporting issuer that estimate its capitalization must file a completed Form 13-501F2 Class 2 Reporting Issuers – Participation Fee and pay the participation fee shown in Appendix A, as determined in accordance with either section 20 or 21, based on a good faith estimate of its capitalization as at the end of the previous financial year. When a Class 2 reporting issuer that had estimated its capitalization files its annual financial statements for the previous financial year, it must file a completed Form 13-501F3 Adjustment Of Fee Payment For Class 2 Reporting Issuers.
- A Class 3A reporting issuer must file a completed Form 13-501F4 Class 3A Reporting Issuers – Participation Fee and pay a flat fee of $400.
- An investment fund must file a completed Form 13-501F5 Investment Fund – Participation Fee and pay a flat fee of $350 per fund.
- Specified regulated entities should complete Form 13-501F7 Specified Regulated Entities – Participation Fee and pay the participation fee in Appendix C.
Appendix A to ASC Rule 13-501 Fees
Participation fees for Class 1 reporting issuers or Class 2 reporting issuers (Paragraph 15(1)(a))
| Capitalization for the previous fiscal year |
Participation fee |
| under $10 million |
$400 |
| $10 million to under $25 million |
$500 |
| $25 million to under $50 million |
$1,200 |
| $50 million to under $100 million |
$3,000 |
| $100 million to under $250 million |
$6,500 |
| $250 million to under $500 million |
$14,000 |
| $500 million to under $1 billion |
$19,000 |
| $1 billion to under $5 billion |
$28,000 |
| $5 billion to under $10 billion |
$36,500 |
| $10 billion to under $25 billion |
$42,500 |
| $25 billion and over |
$48,000 |
Appendix B to ASC Rule 13-501 Fees
Participation fees for Class 3B reporting issuers (Paragraph 15(1)(c))
| Capitalization for the previous fiscal year |
Participation fee |
| under $10 million |
$400 |
| $10 million to under $25 million |
$500 |
| $25 million to under $50 million |
$600 |
| $50 million to under $100 million |
$1,000 |
| $100 million to under $250 million |
$2,000 |
| $250 million to under $500 million |
$4,500 |
| $500 million to under $1 billion |
$6,000 |
| $1 billion to under $5 billion |
$9,000 |
| $5 billion to under $10 billion |
$11,500 |
| $10 billion to under $25 billion |
$13,500 |
| $25 billion and over |
$15,500 |
Appendix C to ASC Rule 13-501 Fees
Participation fees for Specified Regulated Entities
(Part 6)
| Specified Regulated Entity |
Participation fee |
| Recognized exchange and recognized quotation and trade reporting system |
|
| A person or company with a Canadian trading share for the specified period
of up to 5% |
$15,000 |
| A person or company with a Canadian trading share for the specified period
of 5% to up to 15% |
$25,000 |
| A person or company with a Canadian trading share for the specified period
of 15% to up to 25% |
$67,500 |
| A person or company with a Canadian trading share for the specified period of 25% to up to 50% |
$137,500 |
| A person or company with a Canadian trading share for the specified period of 50% to up to 75% |
$200,000 |
| A person or company with a Canadian trading share for the specified period of 75% or more |
$250,000 |
