Minimum Base Assessment Adjustments for Federally Regulated Financial Institutions

OSFI Guidance Library

Published March 30th, 2026

Detected March 30th, 2026

Summary

OSFI has published annual minimum base assessment adjustments for federally regulated financial institutions for fiscal year 2026/27 (April 1, 2026 – March 31, 2027). The adjustments, based on the change in the Consumer Price Index from 2024 to 2025, increase fees across three institution tiers: societies/fraternal benefit societies to $2,560; restricted foreign banks, fiduciary trust/loan companies, and cooperative credit associations to $19,190; and full-service banks, unrestricted foreign banks, and retail associations to $38,370.

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What changed

OSFI has adjusted minimum base assessments for all federally regulated financial institutions pursuant to Section 3(2) of the Assessment of Financial Institutions Regulations, 2017. The adjustments apply to three tiers of institutions: societies and foreign fraternal benefit societies ($2,560, up from $2,510); restricted foreign banks, fiduciary trust/loan companies, cooperative credit associations, and provincial/foreign insurance companies ($19,190, up from $18,800); and full-service banks, unrestricted foreign banks, non-fiduciary trust/loan companies, and retail associations ($38,370, up from $37,590). The increases reflect the change in Statistics Canada's Consumer Price Index from 2024 to 2025.

Federally regulated financial institutions should update their budget projections for fiscal year 2026/27 to account for the increased minimum assessment amounts. These assessments are mandatory fees levied by OSFI for regulatory oversight. Questions can be directed to Melvin Green, Senior Manager, Financial Reporting, Operations and Systems.

What to do next

Update fiscal year 2026/27 budget projections to reflect new minimum assessment amounts
Review applicable assessment tier for your institution type
Contact OSFI at melvin.green@osfi-bsif.gc.ca for questions regarding the assessment change

Source document (simplified)

Notice of changes to minimum base assessments

Information

Publication type Letter Date

March 30, 2026

Sector Banks, Foreign Bank Branches, Life Insurance and Fraternal Companies, Property and Casualty Companies, Trust and Loan Companies Generate PDF

Table of contents

To: All federally regulated financial institutions

Pursuant to Section 3(2) of the Assessment of Financial Institutions Regulations, 2017, the minimum base assessments applicable to federally regulated financial institutions will be adjusted as follows for the 2026/27 fiscal year (April 1, 2026 – March 31, 2027):

| Institution type | 2026/27
minimum assessment | 2025/26
minimum assessment |
| --- | --- | --- |
| 1. a society or a foreign fraternal benefit society | $2,560 | $2,510 |
| 1. an authorized foreign bank that is subject to the restrictions and requirements referred to in subsection 524(2) of the Bank Act;
2. a trust and loan company whose activities are restricted to carrying on any of the fiduciary activities referred to in section 412 of the Trust and Loan Companies Act and any ancillary activities;
3. a cooperative credit association;
4. a company, a provincial company or a foreign company to which the Insurance Companies Act applies | $19,190 | $18,800 |
| 1. a bank;
2. an authorized foreign bank that is not subject to the restrictions and requirements referred to in subsection 524(2) of the Bank Act;
3. a trust and loan company not referred to in c) above;
4. a retail association. | $38,370 | $37,590 |
The adjustments are due to the change in the Consumer Price Index Footnote 1 from 2024 to 2025. Any questions on the change can be directed to Melvin Green, Senior Manager, Financial Reporting, Operations and Systems (melvin.green@osfi-bsif.gc.ca or (613) 614-2134).

Footnotes

Footnote 1 As published by Statistics Canada, under the authority of the Statistics Act.

Return to footnote 1 referrer

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Date modified:

2026-03-30