Annual Information Return (AIR) Overview

  • Purpose: The AIR collects information on business practices, internal controls, and market conditions from the previous calendar year. This data supports FSRA’s risk assessment and oversight of the sector.
  • Who completes the AIR: All principal brokers and principal representatives, even if your brokerage or administrator did not conduct business during the reporting period.
  • Deadline: March 31 every year.
  • Consequences of non-compliance: Failure to submit the AIR by the deadline may result in penalties and/or regulatory actions.

How to complete the AIR

  • Online submission: The AIR is located within, and must be submitted via Licensing Link. Filing is required by law and once the AIR is submitted, no changes can be made. Please note that FSRA does not accept paper-based AIR filings.

Helpful resources for AIR filing

Before filing the AIR, principal brokers and administrators should review the following resources:

What you should know before filing the AIR

Suspended licences: Even if a licence is suspended, the AIR must be filed by the March 31 deadline.

Licensed after December 31

  • If a mortgage brokerage or administrator is licensed after December 31, they are not required to file an AIR for the previous calendar year (e.g., for 2024, if licensed in 2025).

Offices open to the public

  • "Offices open to the public" refers to locations where brokers or agents interact with the public, including branch offices and home offices where more than 50% of their time is spent on mortgage activities.

Lender categories

The AIR includes the following lender categories:

  • Bank: federally regulated financial institutions
  • Credit Union: a corporation registered as credit union or caisse populaire
  • Insurance Company: a company incorporated or registered under the Insurance Companies Act
  • Mortgage Finance Company (MFC) / Monoline: non-depository financial institution that underwrites and services mortgages sourced through brokers
  • Mortgage Investment Corporation (MIC): investment/lending company designed specifically for mortgage investing or lending in Canada
  • Mortgage Investment Entity (MIE), Other than MIC: a mortgage-financing business that pools together money from investors to lend on mortgages
  • Private Lender: A person or business, other than a MIC or MIE, who lends their own funds for a mortgage
  • Self-Funding: brokerages that lend their own funds
  • Trust Company / Trust Corporation: a company or corporation registered or authorized to carry on business under the Trust and Loan Companies Act

CRA business number

  • Mortgage brokerages and administrators must provide their Canada Revenue Agency (CRA) business number as per provincial legislation.

Complaints email address

  • Brokerages and administrators must provide a complaints email address, which may be publicly available on the FSRA register.

Annual regulatory fees

  • Mortgage Administrators must pay their regulatory fees directly through the AIR portal during submission.

Audited financial statements

  • Mortgage Administrators are required to submit audited financial statements within 90 days of their respective fiscal year end. For reporting requirements, please refer to the Financial Reporting Requirements for Mortgage Administrators guidance.
  • Mortgage Brokerages are not required to submit audited financial statements but must prepare monthly and annual reconciliation statements for trust accounts if applicable.

Attachments

  • Errors and Omissions Insurance: Attach a copy of the E&O policy in PDF format by clicking the upload icon in the AIR form.
  • Private Lender Transactions: Attach a list of private lenders you transacted with during the reporting period in PDF or Microsoft Excel format.

Compatible browsers

  • The AIR is compatible with Google Chrome, Mozilla Firefox, and Microsoft Edge.

Technical support

  • If you encounter difficulties or have questions, use the camera feature to take a screenshot and submit inquiries to [email protected]. This allows our Contact Centre to support you better by seeing exactly what’s on your screen.
  • If the AIR does not appear when you log onto the portal, clear your browser cache and cookies, and log in again.
  • Reset your password through Licensing Link.
  • Your AIR is saved automatically as you enter data and navigate to a different question within the AIR.

Read the AIR Report

The AIR report provides a snapshot of mortgage brokerages’ and administrators’ activities during the calendar year using AIR data collected.