Fees: FAQs

General Inquiries

What are the payment options?

SEDAR:
For filings submitted on SEDAR, payments can be made via SEDAR under the same SEDAR project. If you need help making a payment on SEDAR under the existing SEDAR project, please contact CSA HelpDesk at 1-800-219-5381.

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 application fees (except applications for Mutual Funds under NI 81-102, NI 81-105, NI 81-106 that are required to be 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.

Can the invoice be waived?

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.

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.

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 project number.

Reporting issuers (other than investment funds) are no longer required to pay a fee based on gross proceeds.

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.

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.