Renew a collection agency licence

The renewal period begins May 1. Apply for your renewal by June 1. This ensures we can process your licence before it expires on June 30.

It's illegal to do business or work in the new licence year before we've renewed your licence.

Processing time

We typically review applications within 30 business days. We'll confirm you've met all the legal requirements before we issue your licence.

We cannot process your application if you have not provided us with all the documents we need.

Eligibility

You can apply to renew your collection agency’s licence if the agency:

• holds a current Yukon collection agency licence;
• is registered under Yukon’s Partnership and Business Names Act or the Business Corporations Act; and
• maintains a list of current verified employees.

Additional documents

When you renew online, you must also provide an audited financial statement showing the agency's:

• assets and liabilities at the end of the collections agency's most recently completed financial year that ended on or before March 31 of that year; and
• gross amount of money collected during the collection agency's most recently completed financial year that ended on or before March 31 of that year.

Tips

• The portal gives more information on how to submit the documents.
• Provide your documents in an electronic format such as PDF, JPG and PNG.
• Upload your documents directly through the portal.

Fees and payment

Fees

• Annual licence fee: $350
• For each current employee: $58

Payment

If we approve your application, we'll email you an invoice for your annual licensing fee. Once you receive this invoice, you can pay through the portal.