Clear fees, agreed before anything starts.
Most of our services have a fixed fee. Here's what each one costs and what it covers.
What each service costs
Fees are in US dollars unless shown otherwise. Government fees are separate and paid directly to the regulator.
| Service | Fee | Basis | What it covers | Typical timing |
|---|---|---|---|---|
| Outsourced compliance officer | US$1,500 | per 10 hours · scalable | A Canadian AML compliance officer (MLRO): onboarding reviews, FINTRAC reporting, policies and risk assessments. | — |
| MSB registration | US$3,500 | fixed fee · one time | FINTRAC registration for money services businesses, foreign MSBs and virtual currency dealers. | About 1 week to 7 months |
| Compliance programs | US$3,500 | fixed fee · program documents | 14 PCMLTFA compliance program documents, written for how you operate. | — |
| RPAA registration | US$3,500 | fixed fee · plus CA$2,500 Bank of Canada fee | Payment service provider registration with the Bank of Canada under the RPAA. | About 2 to 8 months |
| RPAA compliance program | US$3,500 | fixed fee · program documents | Governance, risk, incident response, safeguarding and continuity frameworks for PSPs. | — |
| MSB for sale | €28,000 | starting price · acquisition | A Canadian company already registered with FINTRAC as a money services business. | — |
| Company incorporation | US$1,500 | fixed fee · plus government filing fees | A Canadian company, federal or Ontario, usually incorporated within a few hours to 24 hours. | A few hours to 24 hours |
| Canadian address | US$200 | per month | A FINTRAC-compliant Canadian business address for foreign MSBs and companies entering Canada. | — |
| Effectiveness reviews | Scoped | quoted after your consultation | The two-year review FINTRAC requires, and preparation for an examination. | — |
| Training | Scoped | quoted after your consultation | Scenario-based AML training for front-line staff, compliance teams and management. | — |
Timings are general guides from our experience, not guarantees. Registration decisions are made by FINTRAC and the Bank of Canada and depend on how complete an application is and on their workload.
- FINTRAC doesn't charge a fee to register a money services business.
- Incorporation government fees are separate: currently CA$200 federally online, or CA$300 in Ontario online.
- The Bank of Canada charges RPAA applicants a one-time, non-refundable application fee, currently CA$2,500 and adjusted each year, paid directly to the Bank. Registered PSPs also pay the Bank annual assessment fees.
- Every engagement starts with a consultation and a written scope, so you know the fee before any work begins.
Pricing questions
Still not sure? Book a consultation or write to info@amlcanada.ca.
How much does FINTRAC MSB registration cost?
FINTRAC charges no registration fee. Our fee to prepare and support your registration is a fixed US$3,500.
How much does an AML compliance program cost?
A fixed US$3,500 for 14 PCMLTFA compliance program documents.
How much does an outsourced compliance officer cost?
US$1,500 per block of 10 hours, with hours that scale as your business grows.
How much does RPAA registration cost?
Our fee is a fixed US$3,500, plus the Bank of Canada's one-time application fee, currently CA$2,500, paid to the Bank. The RPAA compliance program is a further US$3,500.
How much does a registered MSB cost to buy?
Acquisitions start from €28,000, depending on the company.
How much does it cost to incorporate a company in Canada?
Our fee is a fixed US$1,500, usually done within a few hours to 24 hours. Government filing fees are separate.
How long do registrations take?
In our experience, FINTRAC MSB registration takes about 1 week to 7 months, and Bank of Canada RPAA registration about 2 to 8 months. Incorporation usually takes a few hours to 24 hours.
Why are fees in US dollars?
Our fees are quoted in US dollars, except MSB acquisitions, which are in euros. The Bank of Canada's own fee is in Canadian dollars.