Financial Transactions and Reports Analysis Centre of Canada Assessment of Expenses Regulations (SOR/2023-195)

Marginal note:Base amount

• 7 (1) The base assessment amount for an entity referred to in any of paragraphs 3(a) to (c) in respect of a fiscal year is the amount determined by the following formula, rounded to the nearest multiple of $10 or, if the result obtained is equidistant from two multiples of $10, to the higher of them:

  G × H ÷ I

  where

  G

  is

  • (a) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $1 trillion, $250,000,

  • (b) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $500 billion but less than $1 trillion, $200,000,

  • (c) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $100 billion but less than $500 billion, $150,000,

  • (d) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $10 billion but less than $100 billion, $100,000,

  • (e) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $1 billion but less than $10 billion, $75,000,

  • (f) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $500 million but less than $1 billion, $50,000,

  • (g) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $100 million but less than $500 million, $25,000,

  • (h) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than or equal to $10 million but less than $100 million, $10,000,

  • (i) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is greater than 0 but less than $10 million, $5,000, or

  • (j) if the value of the entity’s assets in Canada as of the end of the entity’s financial year that ends in the fiscal year is less than or equal to 0, nil;

  H

  is the highest Consumer Price Index for any calendar year beginning with 2024 and ending with the calendar year that ends in the fiscal year; and

  I

  is the Consumer Price Index for 2024.

• Marginal note:Consumer Price Index

  (2) For the purpose of subsection (1), a reference to the Consumer Price Index for a calendar year is a reference to the average of the all-items Consumer Price Index for Canada, not seasonally adjusted, as published by Statistics Canada under the authority of the Statistics Act, for each month in that year.