A. Equity Securities - Fees for Listing Applicants and Listed Companies

Initial Listing Fee 

A non-refundable deposit or application fee of $5,000 must accompany the Listing Application, including fundamental changes, and the balance is payable prior to the Listing Date. 

The balance of the fee will be determined as follows:

i) Existing Reporting Issuer - $10,000

Includes prospectus filer, issuer moving another exchange, or unlisted issuer (subject to (ii), below)

​​ii) Fundamental Change - $15,000

Includes Fundamental Change of a CSE Listed Issuer or any application for an issuer qualifying for listing through completion of a fundamental change transaction or change of business.

Exception - for CSE Listed Issuers undergoing a change of business with no major acquisition or change of control, there is no application fee and the total is $10,000

Additional Review Fees

An applicant not listed within three months of receiving approval or conditional approval must pay an amount equal to half of the non-refundable portion of the listing fee.  Following the review, the Exchange will issue an updated approval or conditional approval letter.

An applicant not listed within six months of receiving approval or conditional approval (including updates as above) must re-submit the non-refundable portion of the listing fee.

Supplemental Listing fee - $1,000
A listed company must pay a flat fee to list an additional class of securities, payable prior to the Listing Date for the securities.

Monthly Fee - $750 - $1,500 
The monthly maintenance fee is due on the first business day of each month the Company is listed.  There will be no charge for the balance of the month in which the listing occurs. In the event of suspension or delisting, no portion of the fee will be refunded.

Fees will be set annually for January 1 based on the average market capitalization ($CDN) of the listed issuer for the first nine months of the previous year. 

Note: For new listings, the minimum fee will apply to the first monthly payment and subsequent fees will be based on the average market capitalization for the first 15 trading days until the annual adjustment.

Market Capitalization Monthly Fee Annual Cost
Less than $10 million $750 $9,000
$10 million to less than $25 million $1,000 $12,000
$25 million to less than $100 million $1,250 $15,000
$100 million  $1,500 $18,000


Requalification Fee - $1,000
A Listed Company which has had its securities suspended from trading will be required to pay a requalification fee in addition to curing the default or breach that gave rise to the suspension.

Late Filing Fee - $25 per day per CSE Form
A Listed Company which has not posted a CSE form in accordance with Exchange Policy will be required to pay $25 for each full business day the form remains outstanding subject to a maximum of $500. NOTE: This fee will only apply to the CSE Form 7 Monthly Progress Report until further notice.

Form 3 Personal Information Forms - $200 per individual form
Any CSE Form 3 - Personal Information Form (PIF) submitted by a Listed Company is subject to a fee of $200 payable at the time of submission. A PIF submitted by a listing applicant in connection with the application is not subject to this fee.
 

B. Fees for Listing Structured Products

Initial Listing fee - $10,000
A non-refundable deposit of $2,000 must accompany the Listing Application, and the balance of $8,000 is payable prior to the Listing Date. The Initial Fee includes the first security of the issuer to be listed on the Exchange.

Subsequent Issues - $2,000
This fee is payable upon listing, for each additional security listed on the Exchange following the initial listing. For new securities posted on an if as and when issued basis, the fee is payable on the date of issue.

Monthly Fee - variable
The fee is based on the total value of the security. For securities with a fixed term, the fee will be determined at the time of issuance and remain fixed for the full term.

For each security: an annual rate of 6 basis points (“bps”) on the value less than or equal to $10,000,000 ($600 per $1,000,000 per annum) plus 3 bps for the value exceeding $10,000,000, divided by 12, subject to a minimum monthly fee of $100.

Note: GST or HST will be applied to all fees, as applicable.