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Trust Companies Fee Schedule
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Every trust company incorporated in B.C. that held a business authorization for this province at the end of its latest fiscal year is required to pay an annual fee. This annual fee is calculated using the table prescribed under Schedule 1, Items 10 and 11 of the Financial Institutions Fees Regulation (Fees Regulation) applied to the non-consolidated assets of the company at its fiscal year end. The deadline for payment of the annual fee is 90 days after the latest fiscal year end.
The Annual Fee Schedule (below) sets out the method for calculating the annual fee.
Please pay the annual fee through the Iris Portal. The Portal will calculate the annual fee based on your company’s assets.
You may choose to pay by credit card (for fees up to $6,000), Electronic Fund Transfer (EFT), or cheque. Be sure to indicate your method of payment and complete the required fields in the IRIS Portal. Refer to detailed instructions for using the IRIS Portal for payments.
When BC Financial Services Authority (BCFSA) receives your payment, a payment confirmation will be sent to your email account.
You are responsible for ensuring your payment is received before the deadline. Under the Interest on Overdue Accounts Receivable Regulation of the Financial Administration Act and Section 20 of the Financial Administration Act, interest may be charged on overdue amounts at a rate prescribed by the Treasury Board.
Annual Fee Schedule for BC Incorporated Trust Companies
Schedule 1, Item 10 of the Fees Regulation requires every B.C. incorporated trust company authorized to conduct trust business in the province of British Columbia to pay BCFSA an annual fee. Please use the IRIS Portal to calculate and pay the annual fee. Note that the Annual Financial and Capital Return must be submitted through the IRIS Portal before using IRIS for annual fees.
The annual fee is calculated by applying the table outlined in Schedule I, Item 10 of the Fees Regulation, summarized in the table below, to the company’s total assets as reported on the company’s B.C. Trust Annual Financial and Capital Return for its fiscal year end.
| Non-Deposit Taking Trust Companies Annual Fee Schedule |
| $500 |
| + 0.013% of assets less than or equal to $25 million |
| + 0.01% of assets between $25 and $250 million |
| + 0.008% of assets greater than $250 million |
Annual Fee Schedule for Extraprovincial Trust Companies
Schedule 1, Item 11 of the Fees Regulation requires every extraprovincial trust company authorized to carry on trust business in the province of British Columbia to pay BCFSA an annual fee. Please use the IRIS Portal to calculate and pay the annual fee. Note that the Extraprovincial Trust Annual Return must be submitted through the IRIS Portal before using IRIS for annual fees.
The annual fee is calculated by applying the table outlined in Schedule I, Item 11 of the Fees Regulation, summarized in the table below, to the company’s total non-consolidated assets as reported on the company’s financial statements as at the company’s fiscal year end.
| Fiscal Year End Total Non-consolidated Assets | Annual Fee Amount |
| $5 million or less | $1,500 |
| greater than $5 million to $50 million | $3,000 |
| greater than $50 million to $100 million | $4,000 |
| greater than $100 million to $500 million | $5,000 |
| greater than $500 million to $1billion | $6,000 |
| greater than $1 billion to $5 billion | $8,000 |
| greater than $5 billion | $10,000 plus $1,000 per each $1 billion over $5 billion |