Renew a collection agency registration
To maintain your registration, you must submit a completed application for renewal with the required application fee prior to the expiration date of your registration.
A complete renewal application package includes the following:
- an application form
- disclosures for the applicant entity – “the corporation”
- disclosures for all key individuals (“directors”, “officers”, partners/sole proprietors)
- financial statements certified by an Ontario licensed Public Accountant
Please submit the required renewal fee and completed application form at least 10 business days prior to the expiry date.
A failure to submit some or all of the required materials by the registration expiry date may result in the expiration of the registration.
Sample of a public accountant certification
The certification of the financial statements by a public accountant should state the following:
Pursuant to the provisions of Subsection 13 (6) and Section 14 of RRO 1990, Reg 74 made under the Collection and Debt Settlement Services Act, I (name of accountant) certify:
- That I am licensed under the Public Accounting Act;
- That I have prepared the financial statement of (registered name of collection agency), a collection agency registered under the Collection and Debt Settlement Services Act for the year ended (insert year); and
- That the registrant has complied with all the provisions of RRO 1990, Reg 74 respecting trust accounts as set out in Sections 17 and 18.
Dated at (insert text) this (numbered date) day of (month, year).
Note: The Registrar of Collection Agencies may accept alternative wording of the certification. Contact CPOLicensing@ontario.ca with any proposed alternative wording.