The government and FSRA have implemented new licensing classes for mortgage agents and brokers effective April 01, 2023. Visit the New Licensing Requirements Transition - Information and Resources page for details.

 

If you wish to apply for a Principal Broker licence in Ontario from another province/territory, you must first apply to the Financial Services Regulatory Authority of Ontario (FSRA) for a mortgage broker licence.

Then, to become a Principal Broker you must be a Director, Officer or Partner of the brokerage. You must also be appointed by the mortgage brokerage to serve as the brokerage's principal broker.

For information on applying for an Ontario mortgage broker licence from another province, see Applying for a mortgage broker licence from a different province/territory.

For information on applying for an Ontario mortgage brokerage licence, see Apply for a new mortgage brokerage licence.

Please note that a principal broker from another province/territory must complete a criminal record and judicial matters check (CRJMC) through FSRA’s approved vendor, Triton Canada (Triton).

New Criminal Record and Judicial Matters check process 

FSRA is changing its licensing process for criminal record and judicial matters checks (CRJMCs) to ensure the processes remain up to date. CRJMCs are part of FSRA’s rigorous licence qualification process to protect consumers by ensuring only suitable individuals sell or offer financial products and services in Ontario.

FSRA now requires licence applicants to complete their CRJMCs through our approved vendor Triton. You must use FSRA’s link directing you to Triton’s website. After completing the CRJMC, you will then return to your sponsoring application email and complete your licensing application on FSRA’s website. Please note that a fee of $19.15 applies for Triton’s service, and the CRJMC is valid for 90 days.

If you have any further questions about the new criminal record and judicial matters check  process, please contact us.

Frequently asked questions - Criminal record and judicial matters check (CRJMC) process