Payday loan establishments are any premises, or any part of the premises that operates as a payday lending business as defined by the Payday Loans Act.
The payday loan licence came into effect on August 1, 2018. Payday lending businesses must have obtained a payday loan licence by October 1, 2018 to operate in Toronto.
Individuals, partnerships or corporations.
Must hold a valid licence as of May 1, 2018 as a lender or a loan broker under the Payday Loans Act.
Original documents required for all applications (and renewal transactions).
Include two pieces of government-issued identification (one must be photo ID):
All applicants must also provide the following:
Corporations must also provide:
If a director of the corporation is unable to apply in person at the Licence and Permit Issuing Office, a designate may apply on their behalf. The designate must:
Applicants must provide an original Criminal Record and Judicial Matters Check issued by a Canadian Police Service within 280 days prior to the application.
A designate applying on behalf of a corporation must also provide a Criminal Record & Judicial Matters Check for each officer and director of the Corporation.
Individuals applying as sole proprietors must also provide:
Proof of a valid licence issues by the Province of Ontario under the Payday Loans Act, 2008, including the applicable licence number.
Please review application requirements outlined above.
The Licence and Permit Issuing Office at the East York Civic Centre is closed due to COVID-19. Businesses requiring licences and/or permits from the City of Toronto can email email@example.com and they will be contacted directly by City staff about their applications. Licence application and renewal fees must be paid online.
The number of licences granted by the City is limited to 212. This represents the total number of licences that were valid under the Payday Loans Act, 2008, and were operating in Toronto as of May 1, 2018.
The number of locations where an operator is permitted to operate is limited to the total number of locations that existed in each ward as of May 1, 2018.
Ward 1: 11
Ward 2: 9
Ward 3: 2
Ward 4: 1
Ward 5: 8
Ward 6: 4
Ward 7: 7
Ward 8: 7
Ward 9: 6
Ward 10: 6
Ward 11: 17
Ward 12: 4
Ward 13: 1
Ward 14: 4
Ward 15: 8
Ward 16: 1
Ward 17: 5
Ward 18: 2
Ward 19: 4
Ward 20: 4
Ward 21: 0
Ward 22: 1
Ward 23: 3
Ward 25: 1
Ward 26: 3
Ward 27: 15
Ward 28: 3
Ward 29: 3
Ward 30: 3
Ward 31: 1
Ward 32: 4
Ward 33: 1
Ward 34: 4
Ward 35: 8
Ward 36: 5
Ward 37: 15
Ward 38: 11
Ward 39: 1
Ward 40: 9
Ward 41: 4
Ward 42: 1
Ward 43: 7
Ward 44: 2
An operator of a payday loan business may change business or location addresses, but is subject to the following conditions:
1. The operator must inform Municipal Licensing and Standards within five business days of any change;
2. The operator must make a new application to the City of Toronto for an update to the licence, indicating the new location; and
3. The operator must pay the applicable pro-rated fee.
The operator of a licensed payday loan business may move freely within its own ward, as it existed on May 1, 2018. A licence holder cannot relocate on or within 500 metres of the Woodbine Racetrack (555 Rexdale Boulevard).
An operator of a payday loan business may only move outside of its current Ward if the cap of the other ward has not been reached.
Zoning approval is required for the majority of new business licence applications. When zoning approval is required, City staff will initiate the approval process after the application is received.
Zoning approval is not required if an applicant is taking over an existing business that has a valid business licence or is expired less than one year prior to the time of new application (for the same licence category). When zoning approval is not required, you must complete and sign the Occupancy Declaration Form.
ML&S shall deny an application for, or a renewal, for all businesses required to be licenced under this chapter that has:
Despite these screening criteria, if a licence has been previously issued or renewed and the applicant’s or licensee’s record discloses no new breach of the screening criteria, the licence may be issued or renewed without the matter being referred to the Toronto Licensing Tribunal.
These screening criteria do not apply to any offence for which a licensee or applicant has been granted a criminal record suspension (i.e. a pardon) by the Parole Board of Canada.
Your licence will expire annually on the anniversary of the date that the licence was first issued.
The renewal fee is $321.47
A renewal notice, identifying any documents required to renew the licence, will be mailed to the address on file.
Payments received after the licence expiry date are subject to late fees in addition to the annual licence fee.
If you fail to renew your licence according to the bylaw, your licence will be cancelled and you will have to reapply.