ID
2026-001

Type
Priorities / Budget
Sector
Cross Sector
Status
Public comment closed
Date
Comment Due Date

Thank you for providing your feedback on FSRA’s consultation on FSRA’s proposed 2026-2027 Budget Plan.

The request for submissions is now closed.

We appreciate the comments and questions received to date and look forward to sharing with you the final Guidance. Stay up to date on Guidance releases on our newsroom. Follow us on LinkedIn and subscribe to our mailing list for quick updates.

The Financial Services Regulatory Authority of Ontario (FSRA) is launching a public consultation on its proposed 2026-27 budget plan to give stakeholders the opportunity to share their feedback.

The Statement of Priorities and Strategic Framework, along with FSRA’s budget plan, form the core of its Annual Business Plan, which will then be submitted to the Minister of Finance for approval. The Statement of Priorities and Strategic Framework went out for a public consultation from December 10, 2025- January 13, 2026. 

The budget plan consultation period opens on January 29, and will close on February 9, 2026, at 11:59 p.m. EST. FSRA invites stakeholders to review the proposed 2026-27 budget plan and submit feedback.  FSRA will also accept additional feedback on the proposed Statement of Priorities and Strategic Framework as part of this consultation.

Learn more

Sector Comment Date posted
[2026-001] Consumer Advisory Panel (CAP)

Property and Casualty and General Insurance
[2026-001] Amanda Dean - IBC
Hello,

Please find attached IBC's submission, as directed by our member companies. Happy to have a discussion at your convenience.

Thank you
Amanda
Auto Insurance
[2026-001] Catherine Allman - Canadian Association of Direct Relationship Insurers
With Ontarians concerned about the cost of living, everyone in the insurance space should try to moderate their contributions to consumers’ household expenses.
Notwithstanding its 6.5% increase over last year, we are encouraged that FSRA’s proposed 2026-27 budget invests in auto insurance & market conduct technology transformation, critical IT, and solutions to migrate legacy platforms to modern systems.
As we said in the attached comments on FSRA's 2025-27 Statement of Priorities, CADRI believes consumers will benefit from FSRA:
• Modernizing systems which support licensing and regulatory supervision,
• Improving licensing service level standards,
• Implementing an even more streamlined process for out-of-province agents,
• Expanding the territory model, and
• Ensuring that agents and brokers engaged in the point-of-sale Test and Learn Environment are licensed and supervised appropriately.
We submit that FSRA's 2026-27 budget should move these undertakings forward.

Credit Unions and Caisses Populaires
[2026-001] Brent Furtney - Canadian Credit Union Association
Please find attached CCUA's FSRA budget response. We look forward to ongoing dialogue with the sector around FSRA's priorities and their impact on cost increases to our members.
No questions have been asked about this consultation yet.